alternative funding models for civic projects- neighbor.ly

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1 HELLO! @neighborly COMMUNITY INVESTMENT MARKETPLACE Jase Wilson // CEO www.neighbor.ly

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When a community needs to reinvent itself, who funds the transformation? Are the established tools— municipal bonds, CDFIs, and foundations among them— working in the new era of lean urbanism? Learn about innovative financing mechanisms— like social impact bonds and crowdfunding— that can help drive civic innovation at scale. Jase Wilson, Neighbor.ly Watch the video online: https://www.youtube.com/watch?v=F6roHOXEjtc&list=PL65XgbSILalVoej11T95Tc7D7-F1PdwHq&index=6 Get involved with Code for America: http://www.codeforamerica.org/action

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Page 1: Alternative Funding Models for Civic Projects- Neighbor.ly

1

HELLO!

!

@neighborly

COMMUNITY INVESTMENT MARKETPLACE

Jase Wilson // CEOwww.neighbor.ly

Page 2: Alternative Funding Models for Civic Projects- Neighbor.ly
Page 3: Alternative Funding Models for Civic Projects- Neighbor.ly

PROBLEM

3

TOO HARD TO INVEST IN COMMUNITIES

Page 4: Alternative Funding Models for Civic Projects- Neighbor.ly

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PROBLEM: HIGH FEES

“Peter Coffin, a municipal bond manager for wealthy individuals said it is about time the muni market got an overhaul.”

Page 5: Alternative Funding Models for Civic Projects- Neighbor.ly

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PROBLEMPROBLEM: BANKS NO LONGER IN COMMUNITYTRAVELERS GROUP

CITIGROUP

CITIGROUP

CITICORP

EUROPEAN AMERICAN BANK

BANAMEX

WASHINGTON MUTUAL

GREAT WESTERN FINANCIAL

H.F. AHMANSON

DIME BANCORP

FIRST CHICAGO

BANC ONE

FIRST COMMERCE

JP MORGAN

CHASE MANHATTANCHASE MANHATTAN

CHEMICAL BANKING

BEAR STEARNS

US TRUST

MBNA

CONTINENTAL BANK

BANKAMERICA

BANK OF AMERICA

BANK OF AMERICA

FLEETBOSTON FINANCIAL

SECURITY PACIFIC BANCORP

NATIONSBANK

FLEET FINANCIAL GROUP

BANCBOSTON HOLDINGSBANKBOSTON

SUMMIT BANCORP

BAYBANKS

SUMMIT BANCORP

UJB FINANCIAL

COUNTRYWIDE FINANCIAL

MERRILL LYNCH

WELLS FARGOWELLS FARGO

WELLS FARGO

WACHOVIA

WACHOVIA

WACHOVIA

WELLS FARGO

FIRST UNION

FIRST INTERSTATE BANCORP

NORTHWEST HOLDING COMPANY

SOUTHTRUST

WACHOVIA

CENTRAL FIDELITY NATIONAL BANK

CORESTATES FINANCIAL

FIRST UNION

THE MONEY STORE

WASHINGTON MUTUALWASHINGTON MUTUAL

BANK ONE

JP MORGAN CHASE

JP MORGAN CHASE

1990 2010

Page 6: Alternative Funding Models for Civic Projects- Neighbor.ly

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PROBLEM

$

ISSUINGCOMMUNITY

UNDERWRITINGBANK

MUTUAL FUND

INVESTMENT ADVISOR

INDIVIDUAL INVESTOR

+ SPREAD + MGMT FEES + COMMISSION

Page 7: Alternative Funding Models for Civic Projects- Neighbor.ly

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SOLUTION

COMMUNITY NEIGHBOR.LY INVESTOR

Page 8: Alternative Funding Models for Civic Projects- Neighbor.ly

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1. Find By Place, Type, Etc. 2. Read Story & Terms 3. Invest!

SOLUTION: INVESTMENT MARKETPLACE

Page 9: Alternative Funding Models for Civic Projects- Neighbor.ly

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SOLUTION: INVESTMENT MARKETPLACE

!

COMMUNITIES !

CREATE JOBS

!

INVESTORS !

EARN $$$ & PERKS

!

ISSUERS !

GET MORE $$$

Win !!

CITIZENS !

ENJOY NEW AMENITIES

Win ! Win ! Win !

Page 10: Alternative Funding Models for Civic Projects- Neighbor.ly

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People buy more bonds every week than Kickstarter has raised in its entire history

Page 11: Alternative Funding Models for Civic Projects- Neighbor.ly

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YES IT WORKS

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OVER THE NEXT THREE YEARS WE WILL

HELP 1,000 COMMUNITIES FUND 10,000 PROJECTS BY RAISING $1Bn+

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!

@neighborly

THANK YOU !

!

[email protected]