Download
1 / 14

Rob Cerne, Owner Seascape Technologies - PowerPoint PPT Presentation


  • 153 Views
  • Uploaded on

Rob Cerne, Owner Seascape Technologies. Intevation Food Group, Plover, Wisconsin. Community Development Financial Institutions (CDFI’s) Community Development Entities (CDE’s). Financing Resources.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' Rob Cerne, Owner Seascape Technologies' - raquel


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

Rob Cerne, Owner

Seascape Technologies



Financing resources

Financing Resources


Community development financial institutions cdfi s

Community Development Financial Institutions (CDFI’s)


Results

Wisconsin CDFI’s had more than $400 million in loans outstanding at the end of 2009. Examples include:

Results.


Results1

Results…


Results2

  • Forward Community Investments (statewide loan fund for non-profits) loans resulted in the development of 1,200 units of affordable housing and creation/retention of 3,000 jobs

  • Community Assets for People has lent more than $10 million in housing loans and $4.5 million in business loans

Results


Demand for capital

  • Demand is high – non-profits) loans resulted in the development of 1,200 units of affordable housing and creation/retention of 3,000 jobs

    • Community Assets for People – business loan portfolio of $6 million at the end of 2010

    • $900,000 in business loans deployed in 2010;

    • Over $750,000 to date in 2011 with almost $800,000 in loans now in the pipeline

    • Since 1991, 590 households purchased homes with deferred loan of more than $10 million

    • Project to help an additional 20 in 2011.

Demand for Capital


Demand for capital1

The US Treasury – CDFI Fund 2011 Application Round – New Market Tax Credit Program

  • 14% increase in requests over 2010

  • 314 applications, the most since 2002 when the program began

  • $26.7 billion in requests for $3.5 billion in resources – almost a 7 to 1!

Demand for Capital


New tools

New Tools


New tools1

  • Starbucks – Create Jobs for USA. (AB 211) that would create tax credits for investments in CDFi’s in Wisconsin.

    Americans themselves would invest in small business. Those who donate $5 or more get a red-white-blue wristband labeled “indivisable.”

    Starbucks will use CDFI’s as its financial partner. Starting off with

    a $5 million donation.

New Tools


ad