Archive for April, 2009

Hope Springs Eternal

I understand that life has its dangers and ever present potholes. Today’s hot media topics seem to change from bad to worse. If it isn’t home foreclosures, it’s the plunging market, or unemployment, or swine flu or in the words of one of my favorite poets Charles Simi, “New hatreds will sweep the globe faster [...]

Stimulus Funds and CDFI (USA Today)

In yesterday’s USA Today, this story appeared.   It is worth sharing in full.
Stimulus money gives a boost to small start-ups
By Sue Kirchhoff, USA TODAY
LANCASTER, Pa. — The Community First Fund has spent 17 years proving that lending to poor people is good business. It may soon get millions of dollars in fresh capital to help [...]

Join the Conversation on May 7th.

A good fit is worth the wait.

I like my chair and have had it for some time. It wasn’t a frivolous acquisition but took a good deal of  forethought and decisive action to obtain.  It sits in a sunny area of the back room of my home and is perfect for relaxing and reading. Though it is appropriately worn, it fits [...]

A Market Assessment.

Every few years Finance Fund has taken an informal look at the “Low Income Community” market by soliciting input from groups of stakeholders and using the information to inform strategies, work planning, and product development. The drive is to always play to what the market needs and tailor resource offerings around that center.
With the implementation [...]

Every time I do it, I expect it should be easier.

You’d think the adages about “practice makes perfect” and “repetition builds familiarity” would have some kernel of truth. The reality is that the click on the button submitting our New Market Tax Credit application always comes at the end of an excruciating journey through the process of telling the Finance Fund story.
Last Tuesday we clicked [...]

Ohio HB 1: A Proposed Ohio NMTC.

I think there is some credibility to the phrase “If you can manage to stay around long enough people mistakenly think you know what you’re talking about.” Last Thursday (April 2), at the invitation of the Hon. Armond Budish, Speaker of the Ohio House of Representatives, I testified at the Ohio House Finance and Appropriations Committee concerning the New Markets Tax Credit (NMTC) program.

Ohio House April 2, 2009 Testimony: New Markets Tax Credit

TESTIMONY BEFORE THE OHIO HOUSE FINANCE AND APPROPRIATIONS COMMITTEE
JAMES R. KLEIN, CEO, OHIO COMMUNITY DEVELOPMENT FINANCE FUND
OHIO NEW MARKETS TAX CREDIT