Spring 1986 RAIN Page 27 Revolving Loan Funds The following list was compiled from three sources: Earthbank Guide to Sustainable Economics, a list in ICE's fall newsletter, and a list given to us bu Susan Meeker-Lowry from Catalyst. A note on terminology: ICE defines a “community loan fund” as a fund controlled by a coalition of borrowers, lenders, and technical assistance representatives, which lends within a specific geographic area. Not all of the funds listed below fit those criteria {including ICE's), which is why we have used the more general heading, “revolving loan fund." Association for Regionai Agricuiture Buiiding the Locai Economy (ARABLE), PO Box 5230, Eugene, OR 97405; 503/741-1845, Eugene Scott. Credit union, trust fund, and direct loan fund cooperatively administered by producers, related businesses, and consumers. Boston Community Loan Fund, 14 Beacon Street, Room 507, Boston, MA 02108. Provides loans to nonprofits developing low-income housing in Washington, D.C. Bread and Roses Revolving Loan Fund, 1425 Walnut Street, Philadelphia, PA 19102; 215/563-0637. Loans to community change organizations in and around the Delaware Valley. Managed with and modeled after ICE's revolving loand fund. Cascadia Revolving Loan Fund, 605 First Avenue, Seattle, WA 98104; 206/292-0113. Provides loans and technical support to developing small enterprises in Puget Sound area. Catskill Mountain Housing Development Corp., 329 Main Street, Catskill, NY 12414; 518/943-6700. Local low-interest loans for home improvement, solar retro-fitting and energy conservation, security deposits and tenant start-up costs, closing costs, and other home ownership expenses. Community Educational Service Council, c/o John R. Ewbank, Treasurer, 1150 Woods Road, Southampton, Pa, 18966, or c/o Community Service Inc., PO Box 243, Yellow springs, OH, 45387. Lends to intentional communities, limited amount of grant money for educational projects on community development. Cooperative Assistance Fund, 2100 M Street, NW, Suite 315, Washington, DC 20037, Tex Wilson. Provides loans to foundations and other charitable organizations for program-related investments to support development of disadvantaged and low-income communities. Cooperative Fund of New England, Braintree Hill Road, Randolph, VT 05060; 802/728-9728. Financing and technical assistance to small cooperative business and community organizations. Ecumenical Development Cooperative Society, 475 Riverside Drive, Room 1003, New York, NY, 10015; 212/870-2665. Long-term, iow interest loans to cooperatively owned businesses started by the poor, particularly in developing countries. Fund for an OPEN Society, 1901 East West Highway, T-2, Silver Spring, MD, 20910; 301/585-4156. Affordable mortgages to people in changing, racially mixed neighborhoods. Emergency revolving loan fund for families about to be forced out of homes. Philadelphia, Washington, D.C., and Atlanta. Industrial Cooperative Association Revolving Loan Fund, 249 Elm Street, Sommerville, MA, 02144; 617/628-7330, Laura J. Henze. Revolving loan fund to finance worker cooperatives in low-income and blue collar communities. Institute for Community Economics Revolving Loan Fund, 151 Montague City Road, Greenfield, MA 01301; 413/774-5933. Technical and financial assistance to community land trusts, limited-equity housing coops, community loan furids, and other grassroots organizations. Provides information to public, including the quarterly Community Economics, the Community Land Trust Handbook, and a slide show on land trusts. McAuley Housing Foundation, 1601 Milwaukee, Suite 531, Denver, CO 80206; 303/393-3806. Flexible terms to finance housing projects and related operational expenses in 18 midwestern states. New Hampshire Community Loan Fund, Box 666, Concord, NH, 03301; 603/224-6669. Loans to New Hampshire grassroots organizations. Modeled on ICE’s fund. North Country Development Fund, PO Box 7272, Minneapolis, MN 55407; 612/376-8360. Loans to member co-ops in the upper midwest area. Self Help Association for a Regional Economy (SHARE), E.F. Schumacher Society, PO Box 124A, RD 3, Great Barrington, MA, 01230. Passbook savings through local bank provides capital for loans to community organizations. Bank manages loans, separate board evaluates them and serves as technical network. The Southern Cooperative Development Fund, PO Box 3885, Lafayette, LA 70501; 318/232-9206. Loans and assistance to cooperatives, smali businesses, and community development enterprises servicing 16 southern states. Sponsors of Open Housing Investment, 1914 Connecticut Avenue NW, Washington, DC, 20009. Provides information on groups deveioping investment programs. Three Rivers S.H.A.R.E., 2016 Sampson Street, Pittsburg, PA 15221. Supplies capital to local ventures to create local jobs, funded by local citizens investing in local bank. Women's World Banking, c/o Friends of WWB/USA, Inc., 684 Park Avenue, New York, NY 10022; 212/744-0202. Promotes entrepreneurship of women, particularly those not generally with access to financial institutions. Assists locals with management, technologies, marketing, and acquiring capital and credit.
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