Community development loans can be profitable for financial institutions.
At this meeting, nonprofits and lenders shared ideas for creatively financing small businesses, economic development, affordable housing and other community development projects.
The consensus: Expect to succeed, although the road to financing can be long.
To cosponsor a meeting on this topic, contact Claire.M.Greene@bos.frb.org.
The Springfield meeting brought together organizations that provide financing at different stages and showed how they fit together. One affordable housing project, for example, had 16 participants, including 3 banks.
Panel I: Business Opportunities in Small Business and Nonprofit Lending
“Getting to Yes”
Panel II: Investment Opportunities in Community Development
“The Collaborative Path to the Deal”
Presentations: Business Opportunities in Community Development Lending, November 9, 2012, Meriden, CT.
Meeting Report: Business Opportunities in Community Development Lending, June 8, 2012, Burlington, VT.
Meeting Report: Business Opportunities in Community Development Lending, March 30, 2012, Manchester, NH.