LISC's Beth Marcus and Claudia Lima teach workshop on community facilities lending
Beth Marcus, Director of Underwriting and Claudia Lima, Executive Director of Los Angeles LISC held workshops on community facilities financing at the 2012 Interagency Community Reinvestment Conference. Community facilities, such as child care centers, charter schools and health clinics, are vital community assets but have unique underwriting and economic issues that require special attention. Using a charter school and health care case study, Marcus and Lima presented LISC's aapproach to underwriting and evaluating community facilities, including the capacity of the provider, the sources of revenue, capital financing structures, and risk mitigation.
2 Apr 2012
This longstanding biennial event is jointly sponsored by the Federal Deposit Insurance Corporation, the Federal Reserve Bank of San Francisco, the Office of the Comptroller of the Currency, and the U.S. Department of the Treasury Community Development Financial Institutions Fund. The conference has become the premier training and networking event for community development professionals, including CRA officers, community development lenders and investors, CDFIs, government officials, and nonprofits. The conference drew a crowd of 770 participants from around the country. Throughout three tracks, 39 sessions, and three community tours, over 120 leaders in the field shared their time and expertise by speaking and presenting on issues ranging from compliance to lending to community development in practice.
Article Type: News