Capital for communities : connecting community development loan funds to individual investors
Thesis (M.C.P.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, June 2011.
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| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2011
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| Online Access: | http://hdl.handle.net/1721.1/67240 |
| _version_ | 1811078563854548992 |
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| author | Solomon, Ann DeMoss |
| author2 | Karl Seidman. |
| author_facet | Karl Seidman. Solomon, Ann DeMoss |
| author_sort | Solomon, Ann DeMoss |
| collection | MIT |
| description | Thesis (M.C.P.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, June 2011. |
| first_indexed | 2024-09-23T11:02:11Z |
| format | Thesis |
| id | mit-1721.1/67240 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T11:02:11Z |
| publishDate | 2011 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/672402019-04-12T20:36:14Z Capital for communities : connecting community development loan funds to individual investors Connecting community development loan funds to individual investors Solomon, Ann DeMoss Karl Seidman. Massachusetts Institute of Technology. Dept. of Urban Studies and Planning. Massachusetts Institute of Technology. Dept. of Urban Studies and Planning. Urban Studies and Planning. Thesis (M.C.P.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, June 2011. "June 2011." Cataloged from PDF version of thesis. Includes bibliographical references (p. 87-90). Community development loan funds (CDLFs) play a critical role in financing affordable housing, small businesses, and non-profit organizations in low-income communities throughout the US. Since the 2008 financial crisis disrupted CDLFs' primary sources of capital-banks and foundations-many CDLFs have been pursuing new sources. During these years of economic recession, individuals' confidence in the financial system declined while the Socially Responsible Investing and Impact Investing sectors experienced significant growth. With these concurrent trends as a starting point, this thesis explores the potential for socially-minded individuals to become a more substantial source of capital for CDLFs. Using case studies of two organizations with successful individual investor programs- Boston Community Capital (BCC) and Calvert Foundation-my research examines the costs and benefits of individuals as a source of capital. Specifically, I study BCC's local capital raising for its Boston Community Loan Fund and newer Stabilizing Urban Neighborhoods Initiative and Calvert Foundation's Community Investment Note, a retail product available to individuals nationwide. My research analyzes the advantages and shortcomings of these differing approaches, assesses the viability of replicating each model, and makes recommendations for scaling up individual investing in CDLFs. by Ann DeMoss Solomon. M.C.P. 2011-11-18T21:18:38Z 2011-11-18T21:18:38Z 2011 Thesis http://hdl.handle.net/1721.1/67240 759123958 eng M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 90 p. application/pdf Massachusetts Institute of Technology |
| spellingShingle | Urban Studies and Planning. Solomon, Ann DeMoss Capital for communities : connecting community development loan funds to individual investors |
| title | Capital for communities : connecting community development loan funds to individual investors |
| title_full | Capital for communities : connecting community development loan funds to individual investors |
| title_fullStr | Capital for communities : connecting community development loan funds to individual investors |
| title_full_unstemmed | Capital for communities : connecting community development loan funds to individual investors |
| title_short | Capital for communities : connecting community development loan funds to individual investors |
| title_sort | capital for communities connecting community development loan funds to individual investors |
| topic | Urban Studies and Planning. |
| url | http://hdl.handle.net/1721.1/67240 |
| work_keys_str_mv | AT solomonanndemoss capitalforcommunitiesconnectingcommunitydevelopmentloanfundstoindividualinvestors AT solomonanndemoss connectingcommunitydevelopmentloanfundstoindividualinvestors |