John Moore - Private Sector Capital for Public Good
Upcoming SlideShare
Loading in...5
×

Like this? Share it with your network

Share
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
625
On Slideshare
625
From Embeds
0
Number of Embeds
0

Actions

Shares
Downloads
1
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. Grow Smart Maine Summit 2012 Private Sector Capital for Public Good Confidential. For internal use only.
  • 2. 2Confidential. For internal use only.
  • 3. 3Confidential. For internal use only.
  • 4. 4Confidential. For internal use only.
  • 5. 5Confidential. For internal use only.
  • 6. 6Confidential. For internal use only.
  • 7. 7Confidential. For internal use only.
  • 8. 8Confidential. For internal use only.
  • 9. 9Confidential. For internal use only.
  • 10. 10Confidential. For internal use only.
  • 11. The Community Reinvestment Act enacted by Congress in 1977 is intended to encourage financialinstitutions to meet the credit needs of communities, including LMIneighborhoods consistent with safe and sound banking practices. 11 Confidential. For internal use only.
  • 12. Compliance Obligation orBusiness Opportunity? 12 Confidential. For internal use only.
  • 13. Business Objectives Grow CRA lending, investment, and service Serve LMI populations and communities Leverage public sector programs Develop affordable housing Support local economic development Invest in community facilities Practice “ABCD” 13 Confidential. For internal use only.
  • 14. Target Market Non-profits Community development corporations Public housing authorities Social service agencies Local government State agencies 14 Confidential. For internal use only.
  • 15. Doing Goodis Good Business! 15 Confidential. For internal use only.
  • 16. PublicNon-Profit Private 16 Confidential. For internal use only.
  • 17. The Results 2009-2012 Lending $225 Million - First time homeowner mortgage loans $900 Million - Total residential mortgage loans $450 Million - Small business loans 17 Confidential. For internal use only.
  • 18. 2009-2012 Lending$150 Million - Community Development loans : $20 Million - LIHTC projects $22 Million - NMTC projects $5 Million – Native American Reservation projects 330 Units of affordable housing 18 Confidential. For internal use only.
  • 19. 2009-2012 Investments $18.8 million new CRA investments $31.7 million total CRA investment balances  CRA Mortgage Backed Securities  LIHTC Funds  NMTC Equity Investments  Qualified School Construction Bonds  CRA Bond Funds  Socially Responsible Venture Capital Funds 19 Confidential. For internal use only.
  • 20. PUBLIC DISCLOSURE April 30, 2012COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION INSTITUTION RATING INSTITUITION’S CRA RATING: This institution is rated Outstanding. 20 Confidential. For internal use only.
  • 21. Success Stories: Maine businesses are succeeding and MaineCommunities are achieving sustainable prosperity with investments of private sector capital encouraged by public sector development programs. Historic Preservation Tax Credits New Markets Tax Credits Case Studies 21 Confidential. For internal use only.