Tuesdays at APA: Community Development Banking: What Your Bank Could Do to Support You

The film It's a Wonderful Life grows more relevant every day as
more American consumers lose the value in their homes and
anonymous customer service calling centers become our primary
contact with our banks. However, there are still more than 7,000
banks and 7,000 credit unions in the United States. Each of these
still has the ability to convert your insured deposit into a loan
to a local business and to step up as a community civic leader.
Just under 100 of those banks are certified by the U.S. Treasury
as "community development banks" and another 500 nonprofit
community loan funds finance housing rehab, small businesses, and
nonprofit facilities.


Ron Grzywinski and Mary Houghton will discuss the role that
ShoreBank played as the first and largest community development
bank and the increasing importance of community development
financial institutions as long term partners in community and
economic development. They will touch on the new Global Alliance
for Banking on Values as well as opportunities for planners to
contribute to more liveable, renewed communities.