Business Opportunities in Community Development Lending: Rhode Island Business Opportunities in Community Development Lending: Rhode Island

This Event Has Ended This Event Has Ended

Thursday, March 28, 2013
8:30 AM – 12:00 PM
Rhode Island Foundation
One Union Station
Providence, RI 02903

The Federal Reserve Bank of Boston in partnership with the Federal Home Loan Bank of Boston, Olneyville Housing Corporation and Rhode Island LISC invite you to join community bankers, community development practitioners & policy makers, nonprofit lenders, for-profit developers and municipal government representatives in discussing community development finance in the era of sequestration.

Community development initiatives have never required more creativity, collaboration and patience. Furthermore, balancing organizational priorities and market opportunities within the context of today’s economy requires private and public development professionals to collaborate in ways seldom considered a few years ago. Join us for a discussion which asks the question…“Is social innovation financing and similarly innovative finance tools viable alternatives for community development in light of the proposed federal and state budget cuts?”


8:00 – 8:30 am Registration & Networking
8:30 – 8:45

Welcome & Framing of the Day

Neil Steinberg
President and Chief Executive Officer, Rhode Island Foundation

Cindy Larson
Deputy Director, Rhode Island Local Initiative Support Corporation

8:45 – 9:30

National Policy Update

Barbara Burnham
Vice President, Federal Policy, Local Initiative Support Corporation

9:30 – 10:00

Elements of Successful Regional Projects & Trends

Ken Willis
First Vice President, Federal Home Loan Bank of Boston

10:00 – 10:15 Break
10:15 – 12:00 pm

Innovations in Community Development Finance
How has the community development finance landscape changed for RI stakeholders and how are you adjusting and navigating this new “new reality”?

Jennifer Hawkins (Facilitator)
Associate Executive Director, Olneyville Housing Corporation

Peter Gill Case
President, Board of Trustees, Rockefeller Family Fund

Nima Krodel
Associate Director, Non-Profit Finance Fund

Diane Lynch
Incoming Board Chair, Social Venture Partners Rhode Island

Carol Ventura
Director of Development, Rhode Island Housing

Matt Wally
Community Development Manager - MA/CT/RI, TD Bank

Carrie Zaslow
Program Officer, Rhode Island Local Initiative Support Corporation

1:00 – 3:00

CRA for Community Organizations

An afternoon session designed for Community Organizations to acquaint and better understand the Community Reinvestment Act (CRA) that banks are regulated upon.  This training is geared to help improve community organizations ability to partner with depository institutions.  The goal is to help community organizations to work more effectively and constructively with banks to improve neighborhoods and communities. 

The topics covered will include: CRA Basics, the Examination Process, Bank and Community Performance Context, and CRA Strategies.  Community Organizations will have a forum to understand these concepts and share their perspective on community needs with the Regulators.