Pay Yourself First. This Fund is an internal revolving fund that allows the CDC to quickly act on new projects without waiting for predevelopment funds to be in hand. The Fund also accelerates Nuestra Comunidad s ability to create its own projects and can be used as a credit enhancement when the CDC applies for loans. Operate on the Loan Spread. Impact Seven, in rural Wisconsin, operates almost entirely on the margin between the amount it borrows from banks and agencies and the amount it lends to entrepreneurs.
Special events can increase both community support and unrestricted funds.
Marshall Heights Community Development Corporation holds an annual ballroom event that features remarks from elected officials, local journalists, residents, and grantmakers. Manna, Inc. holds a fall reception with entertainment that taps many individual donors. Mon Valley Initiative in rural Pennsylvania holds an annual golf tournament. Put Profit into the Developers Fees. Bob Brandwein, a community development specialist in Boston urges every CDC to be sure it makes a profit on each deal.