Download - INITIAL INVESTMENT ROADMAP How to Invest and Spend? What to Invest In and Spend On?

INITIAL INVESTMENT ROADMAP

• How to Invest and Spend?

• What to Invest In and Spend On?

Recommendation #1 on How to Invest and Spend:

1. Place most of the money in an endowment

• use earnings to fund expenses and projects

• use rest of funds for direct investments and spending to meet current needs


2. Decide percent (%) of money for endowment and percent (%) for direct investment and spending after CAC knows how much money the SLF will receive and when


3. Set aside money for the operating expenses of the Quasi-Public Entity (QPE).

Recommendation #1 on What to Invest In and Spend On:

COMMUNITY CAPACITIES1. Immediately create high levels of

Community Capacities to participate in land use planning and decision making (Opportunity Map)

• Provide resources to support community planning and development

OPPORTUNITY MAP


COMMUNITY CAPACITIESFunding • Fund from direct spending initially; later

from endowment earnings • Require matching funds

Example: Dudley Street Neighborhood Initiative in Boston

• Community Planning and Land Control


Signature Project1. Identify and Invest in a Signature

Economic Development Project

• “Double Bottom Line”- both a Financial and a Social Return on Investment.

• Decide if Community Parcels will be good location for the Signature Project and how to use the land.


Signature ProjectFunding• Based on timing and money needs, fund

from endowment earnings or direct spending. Require leverage.

Example: Market Creek Plaza

• Economic Engine


Matched Spending Project1. Fund Matched Spending Projects that

have social returns,

• Require that SLF money is matched by other sources of funds. Fund Matched Spending Projects from direct funding initially and, later, from endowment earnings.


Matched Spending ProjectsFunding• Fund from direct spending initially; later

from endowment earnings

• Example: Working Families Center

• Income and Asset Development