f D[ C ;f $ L $ Energy Efficient Community Center Construction of a passive solar heated ' neighborhood center is scheduled to begin this July in Spokane; WA. The facility will provide day care, health, youth and recycling services. Rents from leased space will pay for 80-90 percent of the administrative and operating expenses. CDBG funds will-pay ' .for design and construction costs. For more information, write: Kathy Reid . West Central Area Community Center W. 2910 Dean Spokane, WA 99201 The Neighborhood Resource Project A coalition of ten Seattle neighborhood and technical assistance groups are coordinating sevep community technology projects. Two of the CDBG funded projects are a furniture repair and recycling program and an inher-city produce market. If you would like more information contact: Lucy Gorham The Neighborhood Technology Coalition 909 Fourth Ave. Seattle, WA 98104 CD-BG Monitoring Program The Working Group for Community Development Reform monitors CDBG for compliance with federal regulations. They have subcontracts with non-profit organizations in 22 locations to monitor their local programs. This self-help arrangement allows local citizen groups the opportunity to develop additional familiarity with their CDBG process. In return the Working Group is able to ., amass data on the local level for evaluation. Their newsletter, The CD Citizen, contains updates on the progress of the project. Write: Working Group for CD Reform 1000 Wisconsin, N.W. Washington, DC 20007 Opportunity Funding Corp. (OFC), a non-profit corporation, guarantees loans made by traditional lenders to businesses located in low-income communities. A 2-1/2 to 5 percent fee is charged to the borrower to cover administrative • costs. dFC also provides management services for the Cooperative Assistance Fund (CAF). CAF contains the combined resources of ten foundations, which make investments and loans in poor neighborhoods. To find out more ' 1 information, write: Sheila Smith OFC 20i1 K Street N.W. Suite 701 • Washington, DC 20006 The National Economic Development and Law Center . The center publishes the Economic Development and Law Center Report, a bimonthly newsletter which focuses on the legal aspects of community economic development, including updates on CDBG. A selected bibliography on Community Development Corporations (CDCs) was included in the November/ December 1978 issue. Besides the news· letter, several excellent how-to manuals have been written to complement the major work of the center, which is to provide legal and planning assistance to CDCs on a project-by-project basis. They can be reached at: N.E.D. & L.C. 2150 Shattuck Ave. Berkeley, CA 94704 July 1979 RAIN Page 5 The Community Investment Fund The fund serves two needs. First, it offers ~nvestors an opportunity to support socially and ecologically responsible enterprises. Secondly, it provides fi- ·nancing for community controlled economic development. A report, Model for a Community Investment Fund, outlines the structure and organization of the fund. At this date capital is still being accumulated. For further information contact: Nathan Gray Institute for Community Economics 639 Massachusetts Ave. Cambridge, MA 02139 Community Economics, Inc., a nonprofit organization, primarily provides technical assistance in the form of economic analysis and financial feasibility studies in alternative housing 0wnership (e.g. cooperatives). They are also researching alternative investment p9ssibilities for pension funds. Contact: Chris Webb Community Economics, Inc. 6529 Telegrap~ Ave. Oakland, CA 94601 Cente,; for Community Economic Development A non-profit organization doing research and·providing technical assistance in community-controlled eco- -nomic development. The center also publishes an information quarterly newsletter. They can be contacted at: Center for Community Economic Development . 639 Massachusetts Ave. Suite 316 Cambridge, MA 02139 □ □ □
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