publication . Preprint . 2007

The case for the community partner in economic development

Anna Steiger; Tessa Hebb; Lisa A. Hagerman;
Open Access
  • Published: 01 Jan 2007
Abstract
Community-based organizations promote economic development by assembling investments in affordable housing, mixed-use real estate, community facilities, and small business in specific geographies. A principal way that community-based organizations tap institutional investors for deals is by partnering with investment intermediaries who manage the risk of these transactions by pooling assets, spreading risk across investors, and pricing the transaction up to the associated risk. Such a partnership allows an investment intermediary, or what the industry calls an “investment vehicle,” to use its expertise to structure a deal that delivers high financial returns to ...
Subjects
free text keywords: Community development ; Community development - Maine ; Community development - Massachusetts
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