Reasons for optimism
President Minehan delivered these remarks during the July convening of the Bank's Community Development Advisory Council in Haverhill, Massachusetts.
Banking unbanked immigrants through remittances
High service fees for sending money abroad can be a financial strain for low and moderate-income immigrants. George Samuels explores how some mainstream financial institutions are offering competitive pricing for the service and, as a result, are banking a new set of customers.
Campus and community collaboration
Clark University President John Bassett talks with Communities & Banking about the university?s relationship with the Main South neighborhood of Worcester, Massachusetts.
Beyond neighborhood revitalization
After community groups rescue a troubled neighborhood, the area may attract many newcomers?and become expensive. One community shows how to help activists retain the diversity of the towns they work so hard to revitalize.
Quality of life improves in Brockton: fighting for the City of Champions: a collaboration of community lenders
For over a decade, community lenders in Brockton, Massachusetts, have been working together to revitalize this urban center. Leo MacNeil reports on the Brockton Housing Partnership's efforts to increase homeownership, improve social services, and build community.
Measuring the impact of community development
Increasingly, community development organizations are being asked to quantify the impact that they have on low- and moderate-income communities. Sean Zielenbach offers advice about undertaking this daunting and complicated task.
We just knock on doors
C&B talks to Pedro Arce, CEO of Veritas Bank. Veritas, a new bank, will work with community groups on development projects and serve the 70 percent Latino population of Lawrence, Massachusetts, in ways that might not be practical for large regional or national banks.
University-community partnerships: 2006 Worcester speaker series
Over the last decade, partnerships between colleges and universities, government, and businesses have helped foster economic development in the city of Worcester, Massachusetts. In 2006, the Worcester UniverCity Partnership, a coalition of private and public sector organizations working with colleges, in collaboration with the New England Resource Center for Higher Education, organized a speaker series aimed at promoting the depth and impact of university-community partnerships in the city. This report provides highlights from the 2006 Worcester Speaker Series, discusses the history and ...
The case for the community partner in economic development
Community-based organizations promote economic development by assembling investments in affordable housing, mixed-use real estate, community facilities, and small business in specific geographies. A principal way that community-based organizations tap institutional investors for deals is by partnering with investment intermediaries who manage the risk of these transactions by pooling assets, spreading risk across investors, and pricing the transaction up to the associated risk. Such a partnership allows an investment intermediary, or what the industry calls an ?investment vehicle,? to use its ...
Town meets gown: the Massachusetts university-community partnership
Sofia T. Romero of Boston College details the formation of a new statewide organization of higher education institutions, committed to reaching out from their campuses and working with their local communities to address mutual concerns.