Community Economic Development Technical Assistance CCEDA Community Development Services May 8, 2014 CCEDA 2014 Teaching and Learning Conference – Los Angeles Projects of the California Community Economic Development Association Center for Community Economic Development Assistance
Community Economic Development – Technical Assistance (CED-TA) Department of Health and Human Services Office of Community Services Community Economic Development Grants Center for Community Economic Development Assistance
Community Economic Development – Technical Assistance (CED-TA) Community Economic Development (CED) is a federal grant program funding Community Development Corporations that address the economic needs of low-income individuals and families through the creation of sustainable business development and employment opportunities. CED's projects create employment opportunities that lead to increased self- sufficiency for low-income individuals through a variety of activities, such as: Capital expenditures such as the purchase of equipment or real property; Allowable operating expenses; and loans or equity investments. CED funds a variety of projects, including: • Business incubators • Shopping centers • Manufacturing businesses • Agricultural initiatives Center for Community Economic Development Assistance
Community Economic Development – Technical Assistance (CED-TA) CED awards funds to: Private, non-profit organizations that are community development corporations (CDCs) including faith-based organizations, and Tribal and Alaskan Native organizations. CDCs must have as their principle purpose planning, developing or managing low-income housing or community development projects. CED programs also provide technical and financial assistance for economic development www.acf.hhs.gov/programs/ocs/programs/ced/about Center for Community Economic Development Assistance
Community Economic Development – Technical Assistance (CED-TA) What is the Healthy Food Financing Initiative? The Healthy Food Financing Initiative (HFFI) supports projects that increase access to healthy, affordable food in communities that currently lack these options. Through a range of programs at the U.S. Departments of Agriculture (USDA), Treasury and Health and Human Services (HHS), HFFI will expand the availability of nutritious food, including developing and equipping grocery stores, small retailers, corner stores and farmers markets selling healthy food. Residents of these communities, which are sometimes called “food deserts,” typically rely on fast food restaurants and convenience stores that offer little or no fresh food. Healthy food options are hard to find in these communities or are unaffordable. Center for Community Economic Development Assistance
COMMUNITY ECONOMIC DEVELOPMENT: Commercial Acquisition – Rehab International Sonoran Desert Alliance, Ajo Arizona Plaza Restoration Conference Center
COMMUNITY ECONOMIC DEVELOPMENT: Facility Development, Improvements Pacific Gateway Business Incubator/Office Pacific Gateway Business Kitchen Incubator, Honolulu, Hawaii Pacific Gateway Restaurant
COMMUNITY ECONOMIC DEVELOPMENT: Micro Business Start Up Pacific Gateway Business Kitchen Incubator, Pacific Gateway Kunio Farm : 24 Farmers on Honolulu, Hawaii 71 Acres Pacific Gateway Business Incubator / Restaurant Value Added or Retail Processing
COMMUNITY ECONOMIC DEVELOPMENT: Loan and Equity Investments Northwest Side CDC has received numerous CED grants since 2006 and has used these funds to serve the needs of Milwaukee's low-income communities. In 2010, Northwest Side CDC was awarded a CED grant, which provided a $700,000 loan to Diamond Precision to continue its expansion by purchasing equipment and making improvements to its manufacturing facility. According to wisn.com, “Two years ago, the company had 55 employees and was struggling to keep them all on. Today, between plants in Johnson Creek and Milwaukee, it has more than doubled its workforce.”
COMMUNITY ECONOMIC DEVELOPMENT: Healthy Food Distribution Siete Del Norte Office Center, Embudo New Mexico Agricultural Distribution Center Espanola, NM
COMMUNITY ECONOMIC DEVELOPMENT: Budokan Multi Purpose Community Center Multi Purpose Recreation Center, Little Tokyo, LA Center for Community Economic Development Assistance
COMMUNITY ECONOMIC DEVELOPMENT: Social Enterprise Electronic Recycling / Prisoner Re-entry Program Electronic Recycling, Indianapolis Center for Community Economic Development Assistance
Social Enterprises: RecycleForce
CRCD ENTERPRISES: Social Enterprise Painting Business A Center for Community Economic Development Assistance
Community Economic Development – Technical Assistance (CED-TA) Community Economic Development Technical Assistance
Community Economic Development – Technical Assistance (CED-TA) Community Economic Development - Why 1. Leverages community strengths 2. Leverages organizational strengths 3. Builds assets for the organization 4. Builds assets for the community 5. Attracts capital and investments to the community 6. Creates employment opportunities 7. Builds organizational technical capacity Community Economic Development – Our Bias 1. Strategies should lead to projects 2. Projects must leverage new streams of capital from the public and private sector 3. Projects must ultimately generate income to minimally cover expenses (while building an asset base) 4. Programs and services that require ongoing subsidy, should only be considered if they support and enhance CED projects
Community Economic Development – Technical Assistance (CED-TA) Objectives / Benefits 1. Key Attributes: What it takes to be successful 2. Importance of local environment 3. Understanding the level of commitment 4. Knowledge of potential CED activities 5. Evaluate: What makes sense 6. Understand the development steps 7. Understand CCEDA’s TA Process 8. Operational/management understanding Who Can Benefit: 1. Organizations thinking about CED – Brainstorming 2. Organizations developing a job creating CED strategy 3. Organizations that are ready to start a project or have already begun
Community Economic Development – Technical Assistance (CED-TA ) The Technical Assistance Team: Ralph Lippman: Executive Director • Local government experience • Non profit development experience • Tribal development consultant • Director for LISC LA – Equity Investment Experience Glenn Sanada: Director of Technical Assistance • Community development non profit CED manager - 12 years • Senior VP and Community development lending and investment officer and regional manager at Bank of America - 12 years Jan Laufik: President Community Development Services – CCEDA • Bond specialist for County of San Diego • Acquisition and finance specialist for affordable housing, national for-profit development firm • Non profit project finance specialist for all commercial projects.
Community Economic Development – Technical Assistance (CED-TA) Community Economic Development Technical Assistance Technical Assistance Resources Center for Community Economic Development Assistance
WWW.CCEDA.COM An online resource center for Community Economic Development
Community Economic Development – Technical Assistance (CED-TA) Center for Community Economic Development Assistance
Community Economic Development – Technical Assistance (CED-TA) Development Guides Multi Unit Affordable Rental Housing 9% LIHTC Multi Unit Affordable Rental Housing 4% LIHTC and Bonds Single Family Development Commercial Retail and Office Development Community Facility Development Mixed Use Development Social Enterprises Business Technical Assistance Community Development Loan Funds Community Development Micro Loan Funds Community Development Credit Unions Community Development Investment Funds Community Development Financial Institutions New Markets Tax Credits Alternative Financial Services Financial Education Foreclosure Prevention – Mortgage Counseling Center for Community Economic Development Assistance
Community Economic Development – Technical Assistance (CED-TA) Community Economic Development Technical Assistance Overview of Current TA Projects Center for Community Economic Development Assistance
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