Treasurer Beth Pearce wants to partner with Vermonters on capital gaps study. In this video, she describes some goals of the study.
Bankers and community development experts traded perspectives.
Conclusion: Collaboration gets community development deals done. For-profit financial institutions, community development financial institutions, economic development agencies, government organizations, angel investors, venture capitalists, regulatory experts: all have a role.
Experts talk about community development lending: more videos
To cosponsor a meeting on community development lending, contact Claire.M.Greene@bos.frb.org.
Will Belongia of the Vermont Community Loan Fund: “There’s obviously some multiplier effects around the development of affordable housing.”
Vermont Economic Development Authority pieces together a small-business loan: Marie Dussault of VEDA describes challenges.
A community banker, nonprofit lenders, government guarantors, the state economic development authority and others cooked up this deal.
USDA and SBA guarantees were critical to the structure.
A community development block grant to the town of Hinesburg, VT, was part of the package.
The Vermont Sustainable Jobs Fund provided royalty financing.
During 2011-12, the Federal Reserve Bank of Boston is organizing meetings about business opportunities in community development lending throughout New England as part of its commitment to promoting sound growth and economic development in the region.
Jeff Fuhrer, Federal Reserve Bank of Boston
Presentations: Business Opportunities in Community Development Lending, November 9, 2012, Meriden, CT.
Meeting Report: Business Opportunities in Community Development Lending, March 30, 2012, Manchester, NH.
Meeting Report: Business Opportunities in Community Development Lending, November 18, 2011, Springfield, MA.
"The Story of a Sausage Business," from Winter 2013 issue of Communities & Banking