INITIAL INVESTMENT ROADMAP

• How to Invest and Spend?

• What to Invest In and Spend On?

Recommendation #1 on How to Invest and Spend:

1. Place most of the money in an endowment

• use earnings to fund expenses and projects

• use rest of funds for direct investments and spending to meet current needs

Recommendation #2 on How to Invest and Spend:

2. Decide percent (%) of money for endowment and percent (%) for direct investment and spending after CAC knows how much money the SLF will receive and when

Recommendation #3 on How to Invest and Spend:

3. Set aside money for the operating expenses of the Quasi-Public Entity (QPE).

Recommendation #1 on What to Invest In and Spend On:

COMMUNITY CAPACITIES1. Immediately create high levels of

Community Capacities to participate in land use planning and decision making (Opportunity Map)

• Provide resources to support community planning and development

OPPORTUNITY MAP

Recommendation #1 on What to Invest In and Spend On:

COMMUNITY CAPACITIESFunding • Fund from direct spending initially; later

from endowment earnings • Require matching funds

Example: Dudley Street Neighborhood Initiative in Boston

• Community Planning and Land Control

Recommendation #2 on What to Invest In and Spend On:

Signature Project1. Identify and Invest in a Signature

Economic Development Project

• “Double Bottom Line”- both a Financial and a Social Return on Investment.

• Decide if Community Parcels will be good location for the Signature Project and how to use the land.

Recommendation #2 on What to Invest In and Spend On:

Signature ProjectFunding• Based on timing and money needs, fund

from endowment earnings or direct spending. Require leverage.

Example: Market Creek Plaza

• Economic Engine

Recommendation #3 on What to Invest In and Spend On:

Matched Spending Project1. Fund Matched Spending Projects that

have social returns,

• Require that SLF money is matched by other sources of funds. Fund Matched Spending Projects from direct funding initially and, later, from endowment earnings.

Recommendation #3 on What to Invest In and Spend On:

Matched Spending ProjectsFunding• Fund from direct spending initially; later

from endowment earnings

• Example: Working Families Center

• Income and Asset Development