The Lending Hand Newsletter
In This Issue
Welcome to the Board Bill and Tim
Tree Stree Youth Celebrates
Genesis Fund receives $249,900 Grant
Bill Floyd joins council at the Federal Reserve
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Spring, 2015
Providing innovative, flexible financing and expert technical assistance to affordable housing and community groups throughout Maine since 1992.
The Genesis Fund welcomes new board members.


T im Boulette , Murray Plumb & Murray and Bill Shanahan, Northern New England Housing Investment Fund.

We are happy to welcome Tim Boulette and Bill Shanhan to our Board of Directors.  Returning after a hiatus, Bill previously served as the Genesis Fund's Board President.  He is the President of Northern New England Housing Investment Fund, located in Portland. Tim is a Shareholder and Director at Murray Plumb & Murray in Portland with a practice in commercial real estate and business.

Thank you to outgoing Board Members Beth Boepple and Randy Phelps.  We are grateful for your thoughtful and dedicated service to the Genesis Fund!
Tree Street Youth Celebrates!

Congratulations Tree Street Youth for a successful and touching banquet celebrating all you've accomplished. The future is bright and we look forward to celebrating with you again!
Julia Sleeper, Executive Director of Tree Street Youth
(Photo Credit: Lauren Schneiderman/Sun Journal)

Technical assistance from the Genesis Fund helped Tree Street secure a $400,000 grant to purchase their building and guide them through planning and acquisition. A loan from Genesis Fund helped close the financing gap they faced.  

Genesis Fund receives grant for affordable housing for Maine seniors.

USDA Rural Development awarded a $249,900 grant to the  Genesis Fund for Energy-Efficient Housing for Elders and Seniors in Tribal and Island Communities.

 

The Genesis Fund will utilize USDA Rural Development RCDI Grant funds to provide training and technical assistance to the Maliseet, Micmac, and Penobscot Tribes, as well as Southern Harbor Eldercare Services on North Haven Island, and Island Commons on Chebeague Island to address the critical need for safe, energy-efficient, and affordable senior housing. This funding will assist the Genesis Fund in leveraging over $4 million in project funds and generate at least 20 units of energy-efficient and affordable quality housing.  

 

USDA Rural Development State Director Virginia Manuel said, "This important grant will make a difference in the lives of some of Maine's most remote senior residents- Maine's Tribal elders and seniors living on North Haven and Chebeague Island- helping to ensure that they have access to quality housing that is safe, energy-efficient, and affordable. By ensuring quality housing, these residents can remain in the communities they love, close to family and friends."

  

Bill Floyd joins Advisory Council for Federal Reserve Bank of Boston.
Left to Right: Richard Walker, Benjamin Frost,Jennifer Hawkins, Laurie Lechance, Adrian Boney, Prabal Chakrabarti, William Floyd, Terrance Floyd, Janelle Chan, Jeff Fuhrer, Joe Kriesburg, Ken Montgomery, Jose Luis Rojas Villarreal, Paul Dragon, Thomas Phillips, Eric Rosengren.

Genesis Fund Executive Director Bill Floyd recently joined the New England Community Development Advisory Council for the Federal Reserve Bank of Boston. This council works to promote the effective use of community development resources in New England. Learn more here.


For 23 years our commitment has been to Maine people and communities.  An investment loan to the Genesis Fund lets you keep your money in Maine and have long lasting impact on Maine families and communities. We are proud of our 23 year history of 100% repayment to investors.

Call us today for details 207-563-6073.


Sincerely,

Jane Irish
Director of Development
Genesis Community Loan Fund