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Date: Mon, 12 Feb 2007 10:34:37 -0500 (EST)
From: The Genesis Fund &lt;info@genesisfund.org&gt;
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Subject: The Lending Hand e-newsletter
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February 2007
What&#x27;s New at Genesis
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Shalom House opens Valley Street Apartments
Avesta Housing begins construction on Pearl Place
News Briefs: Habitat ReStore opens in Bath
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~



What&#x27;s new at the Genesis Fund - http://rs6.net/tn.jsp?t=3D4yd9y8bab.0.nbiwk=
vbab.5w7vbvbab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F%2Fwww.genesisfund.org%2Fnews.ht=
m
Executive Director search flyer - http://rs6.net/tn.jsp?t=3D4yd9y8bab.0.8xl9=
68bab.5w7vbvbab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F%2Fwww.genesisfund.org%2Fdocume=
nts%2Fexecsearchflyer.pdf
Today&#x27;s news about affordable housing in the U.S. - http://rs6.net/tn.jsp?t=
=3D4yd9y8bab.0.lbiwkvbab.5w7vbvbab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F%2Fwww.genes=
isfund.org%2Ftodaysnews.htm
View a slideshow of Genesis projects - http://rs6.net/tn.jsp?t=3D4yd9y8bab.0=
.sfegwwbab.5w7vbvbab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F%2Fwww.genesisfund.org%2FS=
lideShow%2FSlideShow_1.html
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Join our mailing list!
http://ui.constantcontact.com/d.jsp?p=3Doi&amp;m=3D1101291778782
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

The Lending Hand e-Newsletter

The Lending Hand is a monthly email
newsletter about the work of the Genesis Fund, a
community loan fund serving all of Maine.  Our
mission is to help Maine groups working to create
affordable housing and other economic and social
opportunities in their communities by
offering innovative financing, expert
assistance, and help in leveraging other
sources of funding.

Find out more
about Genesis by reading below or visit our
website
at www.genesisfund.org (http://rs6.net/tn.jsp?t=3D4yd9y8bab.0.ekhqcvbab.5w7v=
bvbab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F%2Fwww.genesisfund.org).
=20

We look forward to hearing from
you!



Shalom House opens Valley Street Apartments
affordable rentals for working families and individuals with special needs
January 12 marked the opening of the newest
housing venture of Shalom House Inc., a Portland
agency that provides support services and
affordable housing for people who live with
serious mental illness.

Valley
Street Apartments, located at 88 Gilman Street
adjacent to the Shalom House offices,
consists of 24 apartments available to both
low and moderate income families and individuals
with special needs.  Residents in need of
support services will have the opportunity to
live in their own apartments and receive case
management assistance from Shalom House as well
as other coordinated healthcare
services.

=20
Funding sources included MaineHousing, TD
Banknorth, the Northern New England Housing
Investment Fund (NNEHIF) and a $323,400
acquisition loan from the Genesis
Fund.

&quot;This is a big deal,&quot; said
Shalom House Executive Director Joseph
Brannigan as he welcomed about 50 people to
the open house.  John Anton, head of NNEHIF
commented, &quot;As someone who lives in this
neighborhood, I appreciate this project.=20
This is what we need, more affordable rental
opportunities.&quot;  Others on hand to address
the crowd included Dale McCormick, director
of MaineHousing and Leslie Merrill representing
U.S. Rep. Tom Allen. City Councilor David
Marshall said,  &quot;This used
to be a vacant lot and now
it is apartments within walking distance to
many services and located between two major
bus routes.&quot;

As the owner of
yet-undeveloped property on the block between
Gilman and Valley Streets, Shalom House is
poised to begin the next level of
development on the site:  a six-resident
group home for
individuals with serious mental illness and
office and clinical space that will house
psychiatric services in Shalom House&#x27;s
collaboration with Spring Harbor
Hospital.


For more on the work of Shalom House - http://rs6.net/tn.jsp?t=3D4yd9y8bab.0=
.5n5pr7bab.5w7vbvbab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F%2Fwww.shalomhouseinc.org
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Avesta Housing begins construction on Pearl Place
60 affordable rental apartments to be created in Portland&#x27;s Bayside neighbor=
hood
Pearl Place, a workforce housing project
located on the corner of Oxford and Pearl
Street in Portland=92s Bayside Neighborhood
will create 60 units in a mix of one,
two and three bedroom apartments.
Construction of the project began in late
November and is expected to be completed by
the fall of 2007.  In April 2006, the Genesis
Fund provided a $500,000 loan for the
project.  Additional funding sources include
the City of Portland, TD Banknorth,
MaineHousing, Northern New England
Housing Investment Fund, Federal Home Loan
Bank of Boston, and an Enterprise Foundation
Green Community grant.



Pearl Place, at 210 Pearl Street, will return
multi-family housing to an area of Portland
where many families lived before residences
were torn
down to make way for industrial development.
 This site provides close, easy access to
public transportation, schools, and
services.



Pearl Place rents will be $600 to $730 per
month for a one-bedroom apartment, $730 to
$875 for two bedrooms, and $850 to $1,000 for
three bedrooms. These levels are considered
affordable for tenants with household incomes
at 50 percent to 60 percent of Portland&#x27;s
median. With more than 80 percent of the
city=92s rental households having annual
incomes below $37,500, many families now
renting will be eligible to apply for a home
at Pearl Place.



Future phases of the project include as many
as 40 market-rate condominiums and 15
additional apartments.=20


For more on Avesta Housing... - http://rs6.net/tn.jsp?t=3D4yd9y8bab.0.4n5pr7=
bab.5w7vbvbab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F%2Fwww.avestahousing.org
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

News Briefs: Habitat ReStore opens in Bath

Genesis seeks Executive Director

Habitat ReStore opens in
Bath
Over the weekend of February 1 -
3, Habitat for Humanity/7 Rivers
Maine held the grand opening of its ReStore
located in Bath.  The retail outlet will sell
donated new or gently used building materials
in the former Bath Iron Works office building
that was purchased, in part, with an
acquisition loan from the Genesis Fund last
October.

Genesis Fund director steps
down
Genesis Fund Executive Director Beth
McPherson, who has led the organization since
1993, will step down on or before June 30,
2007.
=20
 &quot;I hesitate to use the word
retire,&quot; she said, &quot;I intend to stay
involved in housing work and other community
work.&quot; Beth looks forward to new opportunities
to serve the community once the new executive
director has settled into the
position.

Genesis Fund President
Joanne Campbell, senior vice president of the
Camden National Corporation, is heading the
search process.  The deadline for
applications is Friday, February
16.


for more on our Executive Director search - http://rs6.net/tn.jsp?t=3D4yd9y8=
bab.0.bo5pr7bab.5w7vbvbab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F%2Fwww.genesisfund.or=
g%2Fexecsearch.htm
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Do you have questions about The Genesis Fund?


What are the borrowing criteria?

How can I invest in The Genesis Fund?

Can our organization receive technical
assistance?



Please visit our website at www.genesisfund.org (http://rs6.net/tn.jsp?t=3D4=
yd9y8bab.0.ekhqcvbab.5w7vbvbab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F%2Fwww.genesisfu=
nd.org)
or
 email Executive Director Beth
McPherson (mailto:beth@genesisfund.org)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


Genesis Community Loan Fund

Email:info@genesisfund.org

Phone:207.563.6073

Fax:207.563.6055
www.genesisfund.org (http://rs6.net/tn.jsp?t=3D4yd9y8bab.0.ekhqcvbab.5w7vbvb=
ab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F%2Fwww.genesisfund.org)


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~



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Genesis Community Loan Fund | 26 Water Street | P.O. Box 609 | Damariscotta=20=
| ME | 04543








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            February 2007
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                What&#x27;s New at Genesis
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0000CC;TEXT-DECORATION: none;&quot;&gt;Shalom House opens Valley Street Apartments&lt;/=
a&gt;&lt;/li&gt;
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0000CC;TEXT-DECORATION: none;&quot;&gt;Avesta Housing begins construction on Pearl P=
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0000CC;TEXT-DECORATION: none;&quot;&gt;News Briefs: Habitat ReStore opens in Bath&lt;/a=
&gt;&lt;/li&gt;
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=3D&quot;top&quot; &gt;
                    &lt;ul style=3D&quot;LIST-STYLE: none;PADDING: 5px;MARGIN: 0px;&quot;=
 &gt;
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                    &lt;li style=3D&quot;PADDING-BOTTOM: 10px;&quot; &gt;&lt;a color=3D&quot;#739A59=
&quot; face=3D&quot;Verdana, Geneva, Arial, Helvetica, sans-serif&quot; href=3D&quot;http://rs6.=
net/tn.jsp?t=3D4yd9y8bab.0.nbiwkvbab.5w7vbvbab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F=
%2Fwww.genesisfund.org%2Fnews.htm&quot; shape=3D&quot;rect&quot; size=3D&quot;2&quot; style=3D&quot;FONT-F=
AMILY: Verdana, Geneva, Arial, Helvetica, sans-serif;FONT-SIZE: 10pt;FONT-WE=
IGHT: bold;LETTER-SPACING: -0.05em;COLOR: #739A59;TEXT-DECORATION: none;&quot;&gt;Wh=
at&#x27;s new at the Genesis Fund&lt;/a&gt;&lt;/li&gt;
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                    &lt;li style=3D&quot;PADDING-BOTTOM: 10px;&quot; &gt;&lt;a color=3D&quot;#739A59=
&quot; face=3D&quot;Verdana, Geneva, Arial, Helvetica, sans-serif&quot; href=3D&quot;http://rs6.=
net/tn.jsp?t=3D4yd9y8bab.0.8xl968bab.5w7vbvbab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F=
%2Fwww.genesisfund.org%2Fdocuments%2Fexecsearchflyer.pdf&quot; shape=3D&quot;rect&quot; siz=
e=3D&quot;2&quot; style=3D&quot;FONT-FAMILY: Verdana, Geneva, Arial, Helvetica, sans-serif;=
FONT-SIZE: 10pt;FONT-WEIGHT: bold;LETTER-SPACING: -0.05em;COLOR: #739A59;TEX=
T-DECORATION: none;&quot;&gt;Executive Director search flyer&lt;/a&gt;&lt;/li&gt;
                   =20
                               =20
                    &lt;li style=3D&quot;PADDING-BOTTOM: 10px;&quot; &gt;&lt;a color=3D&quot;#739A59=
&quot; face=3D&quot;Verdana, Geneva, Arial, Helvetica, sans-serif&quot; href=3D&quot;http://rs6.=
net/tn.jsp?t=3D4yd9y8bab.0.lbiwkvbab.5w7vbvbab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F=
%2Fwww.genesisfund.org%2Ftodaysnews.htm&quot; shape=3D&quot;rect&quot; size=3D&quot;2&quot; style=3D&quot;=
FONT-FAMILY: Verdana, Geneva, Arial, Helvetica, sans-serif;FONT-SIZE: 10pt;F=
ONT-WEIGHT: bold;LETTER-SPACING: -0.05em;COLOR: #739A59;TEXT-DECORATION: non=
e;&quot;&gt;Today&#x27;s news about affordable housing in the U.S.&lt;/a&gt;&lt;/li&gt;
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                   =20
                    &lt;li style=3D&quot;PADDING-BOTTOM: 10px;&quot; &gt;&lt;a color=3D&quot;#739A59=
&quot; face=3D&quot;Verdana, Geneva, Arial, Helvetica, sans-serif&quot; href=3D&quot;http://rs6.=
net/tn.jsp?t=3D4yd9y8bab.0.sfegwwbab.5w7vbvbab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F=
%2Fwww.genesisfund.org%2FSlideShow%2FSlideShow_1.html&quot; shape=3D&quot;rect&quot; size=
=3D&quot;2&quot; style=3D&quot;FONT-FAMILY: Verdana, Geneva, Arial, Helvetica, sans-serif;F=
ONT-SIZE: 10pt;FONT-WEIGHT: bold;LETTER-SPACING: -0.05em;COLOR: #739A59;TEXT=
-DECORATION: none;&quot;&gt;View a slideshow of Genesis projects&lt;/a&gt;&lt;/li&gt;
                   =20
                    &lt;/ul&gt;
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=3D&quot;100%&quot; &gt;
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                The Lending Hand e-Newsletter
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               =20
                &lt;p &gt;
                &lt;i&gt;&lt;b&gt;The Lending Hand&lt;/b&gt;&lt;/i&gt; is a monthly email
newsletter about the work of the Genesis Fund, a
community loan fund serving all of Maine.  Our
mission is to help Maine groups working to create
affordable housing and other economic and social
opportunities in their communities by
offering innovative financing, expert
assistance, and help in leveraging other
sources of funding.&lt;br&gt;&lt;br&gt;Find out more
about Genesis by reading below or visit our
website
at &lt;a href=3D&quot;http://rs6.net/tn.jsp?t=3D4yd9y8bab.0.ekhqcvbab.5w7vbvbab.209&amp;=
ts=3DS0229&amp;p=3Dhttp%3A%2F%2Fwww.genesisfund.org&quot;&gt;www.genesisfund.org&lt;/a&gt;.
 &lt;br&gt;&lt;br&gt;We look forward to hearing from
you!&lt;br&gt;&lt;br&gt;
                &lt;/p&gt;
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                &lt;table border=3D&quot;0&quot; cellpadding=3D&quot;0&quot; cellspacing=3D&quot;0&quot; &gt;
               =20
                &lt;tr bgcolor=3D&quot;#0066CC&quot; style=3D&quot;BACKGROUND-COLOR: #0066CC;&quot;=
 &gt;
                    &lt;td colspan=3D&quot;1&quot; rowspan=3D&quot;1&quot; valign=3D&quot;top&quot; &gt;
                    &lt;div style=3D&quot;PADDING: 3px;&quot; &gt;
                    &lt;font color=3D&quot;#FFFFFF&quot; face=3D&quot;Arial,Helvetica,sans-ser=
if&quot; size=3D&quot;2&quot; style=3D&quot;FONT-FAMILY: Arial,Helvetica,sans-serif;FONT-SIZE: 1=
0pt;LETTER-SPACING: -0.02em;FONT-WEIGHT: bold;COLOR: #FFFFFF;&quot; &gt;
                    Shalom House opens Valley Street Apartments
                    &lt;/font&gt;
                    &lt;/div&gt;
                    &lt;/td&gt;
                    &lt;td background=3D&quot;http://img.constantcontact.com/letters=
/images/newsletters_crisp2_rounded.gif&quot; colspan=3D&quot;1&quot; rowspan=3D&quot;1&quot; style=
=3D&quot;BACKGROUND-REPEAT: no-repeat;BACKGROUND-POSITION: top right;&quot; width=3D&quot;1=
2&quot; &gt;&amp;nbsp;&lt;/td&gt;
                &lt;/tr&gt;
               =20
                &lt;tr &gt;
                    &lt;td colspan=3D&quot;2&quot; rowspan=3D&quot;1&quot; valign=3D&quot;middle&quot; &gt;
                   =20
                    &lt;font color=3D&quot;#0066CC&quot; face=3D&quot;Verdana,Geneva,Arial,Hel=
vetica,sans-serif&quot; size=3D&quot;1&quot; style=3D&quot;FONT-FAMILY: Verdana,Geneva,Arial,Hel=
vetica,sans-serif;FONT-SIZE: 9pt;LETTER-SPACING: 0.03em;FONT-WEIGHT: bold;CO=
LOR: #0066CC;&quot; &gt;
                    &lt;font color=3D&quot;#0066CC&quot; face=3D&quot;Verdana,Geneva,Arial,Hel=
vetica,sans-serif&quot; size=3D&quot;1&quot; style=3D&quot;font-family:Verdana,Geneva,Arial,Helv=
etica,sans-serif;font-size:9pt;font-style:normal;font-weight:bold;color:#006=
6CC;&quot; &gt;affordable rentals for working families and individuals with special=20=
needs&lt;/font&gt;
                    &lt;/font&gt;&lt;br /&gt;
                   =20
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                    &lt;font color=3D&quot;#000000&quot; face=3D&quot;Verdana,Geneva,Arial,Hel=
vetica,sans-serif&quot; size=3D&quot;2&quot; style=3D&quot;FONT-FAMILY: Verdana,Geneva,Arial,Hel=
vetica,sans-serif;FONT-SIZE: 10pt;LETTER-SPACING: 0.03em;COLOR: #000000;&quot; &gt;
                    &lt;a href=3D&quot;http://rs6.net/tn.jsp?t=3D4yd9y8bab.0.5n5pr7b=
ab.5w7vbvbab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F%2Fwww.shalomhouseinc.org&quot; shape=
=3D&quot;rect&quot;&gt;&lt;img align=3D&quot;right&quot; alt=3D&quot;shalom house&quot; border=3D&quot;0&quot; height=3D&quot;1=
62&quot; hspace=3D&quot;5&quot; src=3D&quot;http://ih.constantcontact.com/fs093/1101291778782/im=
g/39.jpg?a=3D1101517360927&quot; vspace=3D&quot;5&quot; width=3D&quot;216&quot;/&gt;&lt;/a&gt;
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                    &lt;p &gt;
                    January 12 marked the opening of the newest
housing venture of Shalom House Inc., a Portland
agency that provides support services and
affordable housing for people who live with
serious mental illness.&lt;br&gt;&lt;br&gt;Valley
Street Apartments, located at 88 Gilman Street
adjacent to the Shalom House offices,
consists of 24 apartments available to both
low and moderate income families and individuals
with special needs.  Residents in need of
support services will have the opportunity to
live in their own apartments and receive case
management assistance from Shalom House as well
as other coordinated healthcare
services.&lt;br&gt;&lt;br&gt;=20
Funding sources included MaineHousing, TD
Banknorth, the Northern New England Housing
Investment Fund (NNEHIF) and a $323,400
acquisition loan from the Genesis
Fund.&lt;br&gt;&lt;br&gt;&quot;This is a big deal,&quot; said
Shalom House Executive Director Joseph
Brannigan as he welcomed about 50 people to
the open house.  John Anton, head of NNEHIF
commented, &quot;As someone who lives in this
neighborhood, I appreciate this project.=20
This is what we need, more affordable rental
opportunities.&quot;  Others on hand to address
the crowd included Dale McCormick, director
of MaineHousing and Leslie Merrill representing
U.S. Rep. Tom Allen. City Councilor David
Marshall said,  &quot;This used
to be a vacant lot and now
it is apartments within walking distance to
many services and located between two major
bus routes.&quot;&lt;br&gt;&lt;br&gt;As the owner of
yet-undeveloped property on the block between
Gilman and Valley Streets, Shalom House is
poised to begin the next level of
development on the site:  a six-resident
group home for
individuals with serious mental illness and
office and clinical space that will house
psychiatric services in Shalom House&#x27;s
collaboration with Spring Harbor
Hospital.&lt;br&gt;
                    &lt;/p&gt;
                   =20
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                    &lt;div style=3D&quot;TEXT-ALIGN: right;&quot; &gt;
                    &lt;a color=3D&quot;#0066CC&quot; href=3D&quot;http://rs6.net/tn.jsp?t=3D4=
yd9y8bab.0.5n5pr7bab.5w7vbvbab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F%2Fwww.shalomhou=
seinc.org&quot; shape=3D&quot;rect&quot; style=3D&quot;FONT-WEIGHT: bold;COLOR: #0066CC;&quot;&gt;For mo=
re on the work of Shalom House&lt;/a&gt;
                    &lt;/div&gt;
                    &lt;/font&gt;
                    &lt;/td&gt;
                &lt;/tr&gt;
                &lt;/table&gt;
                &lt;br /&gt;
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                &lt;a name=3D&quot;article2&quot; shape=3D&quot;rect&quot;/&gt;
               =20

                &lt;table border=3D&quot;0&quot; cellpadding=3D&quot;0&quot; cellspacing=3D&quot;0&quot; &gt;
               =20
                &lt;tr bgcolor=3D&quot;#0066CC&quot; style=3D&quot;BACKGROUND-COLOR: #0066CC;&quot;=
 &gt;
                    &lt;td colspan=3D&quot;1&quot; rowspan=3D&quot;1&quot; valign=3D&quot;top&quot; &gt;
                    &lt;div style=3D&quot;PADDING: 3px;&quot; &gt;
                    &lt;font color=3D&quot;#FFFFFF&quot; face=3D&quot;Arial,Helvetica,sans-ser=
if&quot; size=3D&quot;2&quot; style=3D&quot;FONT-FAMILY: Arial,Helvetica,sans-serif;FONT-SIZE: 1=
0pt;LETTER-SPACING: -0.02em;FONT-WEIGHT: bold;COLOR: #FFFFFF;&quot; &gt;
                    Avesta Housing begins construction on Pearl Place
                    &lt;/font&gt;
                    &lt;/div&gt;
                    &lt;/td&gt;
                    &lt;td background=3D&quot;http://img.constantcontact.com/letters=
/images/newsletters_crisp2_rounded.gif&quot; colspan=3D&quot;1&quot; rowspan=3D&quot;1&quot; style=
=3D&quot;BACKGROUND-REPEAT: no-repeat;BACKGROUND-POSITION: top right;&quot; width=3D&quot;1=
2&quot; &gt;&amp;nbsp;&lt;/td&gt;
                &lt;/tr&gt;
               =20
                &lt;tr &gt;
                    &lt;td colspan=3D&quot;2&quot; rowspan=3D&quot;1&quot; valign=3D&quot;middle&quot; &gt;
                   =20
                    &lt;font color=3D&quot;#0066CC&quot; face=3D&quot;Verdana,Geneva,Arial,Hel=
vetica,sans-serif&quot; size=3D&quot;1&quot; style=3D&quot;FONT-FAMILY: Verdana,Geneva,Arial,Hel=
vetica,sans-serif;FONT-SIZE: 9pt;LETTER-SPACING: 0.03em;FONT-WEIGHT: bold;CO=
LOR: #0066CC;&quot; &gt;
                    &lt;font color=3D&quot;#0066CC&quot; face=3D&quot;Verdana,Geneva,Arial,Hel=
vetica,sans-serif&quot; size=3D&quot;1&quot; style=3D&quot;font-family:Verdana,Geneva,Arial,Helv=
etica,sans-serif;font-size:9pt;font-style:normal;font-weight:bold;color:#006=
6CC;&quot; &gt;60 affordable rental apartments to be created in Portland&#x27;s Bayside n=
eighborhood&lt;/font&gt;
                    &lt;/font&gt;&lt;br /&gt;
                   =20
                   =20
                    &lt;font color=3D&quot;#000000&quot; face=3D&quot;Verdana,Geneva,Arial,Hel=
vetica,sans-serif&quot; size=3D&quot;2&quot; style=3D&quot;FONT-FAMILY: Verdana,Geneva,Arial,Hel=
vetica,sans-serif;FONT-SIZE: 10pt;LETTER-SPACING: 0.03em;COLOR: #000000;&quot; &gt;
                    &lt;a href=3D&quot;http://rs6.net/tn.jsp?t=3D4yd9y8bab.0.4n5pr7b=
ab.5w7vbvbab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F%2Fwww.avestahousing.org&quot; shape=
=3D&quot;rect&quot;&gt;&lt;img align=3D&quot;right&quot; alt=3D&quot;avesta-pearl street&quot; border=3D&quot;0&quot; heig=
ht=3D&quot;160&quot; hspace=3D&quot;5&quot; src=3D&quot;http://ih.constantcontact.com/fs093/110129177=
8782/img/41.gif?a=3D1101517360927&quot; vspace=3D&quot;5&quot; width=3D&quot;200&quot;/&gt;&lt;/a&gt;
                   =20
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                    &lt;p &gt;
                    Pearl Place, a workforce housing project
located on the corner of Oxford and Pearl
Street in Portland=92s Bayside Neighborhood
will create 60 units in a mix of one,
two and three bedroom apartments.
Construction of the project began in late
November and is expected to be completed by
the fall of 2007.  In April 2006, the Genesis
Fund provided a $500,000 loan for the
project.  Additional funding sources include
the City of Portland, TD Banknorth,
MaineHousing, Northern New England
Housing Investment Fund, Federal Home Loan
Bank of Boston, and an Enterprise Foundation
Green Community grant.&lt;br&gt;&lt;br&gt;

Pearl Place, at 210 Pearl Street, will return
multi-family housing to an area of Portland
where many families lived before residences
were torn
down to make way for industrial development.
 This site provides close, easy access to
public transportation, schools, and
services.&lt;br&gt;&lt;br&gt;

Pearl Place rents will be $600 to $730 per
month for a one-bedroom apartment, $730 to
$875 for two bedrooms, and $850 to $1,000 for
three bedrooms. These levels are considered
affordable for tenants with household incomes
at 50 percent to 60 percent of Portland&#x27;s
median. With more than 80 percent of the
city=92s rental households having annual
incomes below $37,500, many families now
renting will be eligible to apply for a home
at Pearl Place.&lt;br&gt;&lt;br&gt;

Future phases of the project include as many
as 40 market-rate condominiums and 15
additional apartments. &lt;br&gt;
                    &lt;/p&gt;
                   =20
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                    &lt;div style=3D&quot;TEXT-ALIGN: right;&quot; &gt;
                    &lt;a color=3D&quot;#0066CC&quot; href=3D&quot;http://rs6.net/tn.jsp?t=3D4=
yd9y8bab.0.4n5pr7bab.5w7vbvbab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F%2Fwww.avestahou=
sing.org&quot; shape=3D&quot;rect&quot; style=3D&quot;FONT-WEIGHT: bold;COLOR: #0066CC;&quot;&gt;For mor=
e on Avesta Housing...&lt;/a&gt;
                    &lt;/div&gt;
                    &lt;/font&gt;
                    &lt;/td&gt;
                &lt;/tr&gt;
                &lt;/table&gt;
                &lt;br /&gt;
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                &lt;tr bgcolor=3D&quot;#0066CC&quot; style=3D&quot;BACKGROUND-COLOR: #0066CC;&quot;=
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                    &lt;td colspan=3D&quot;1&quot; rowspan=3D&quot;1&quot; valign=3D&quot;top&quot; &gt;
                    &lt;div style=3D&quot;PADDING: 3px;&quot; &gt;
                    &lt;font color=3D&quot;#FFFFFF&quot; face=3D&quot;Arial,Helvetica,sans-ser=
if&quot; size=3D&quot;2&quot; style=3D&quot;FONT-FAMILY: Arial,Helvetica,sans-serif;FONT-SIZE: 1=
0pt;LETTER-SPACING: -0.02em;FONT-WEIGHT: bold;COLOR: #FFFFFF;&quot; &gt;
                    News Briefs: Habitat ReStore opens in Bath
                    &lt;/font&gt;
                    &lt;/div&gt;
                    &lt;/td&gt;
                    &lt;td background=3D&quot;http://img.constantcontact.com/letters=
/images/newsletters_crisp2_rounded.gif&quot; colspan=3D&quot;1&quot; rowspan=3D&quot;1&quot; style=
=3D&quot;BACKGROUND-REPEAT: no-repeat;BACKGROUND-POSITION: top right;&quot; width=3D&quot;1=
2&quot; &gt;&amp;nbsp;&lt;/td&gt;
                &lt;/tr&gt;
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                    &lt;td colspan=3D&quot;2&quot; rowspan=3D&quot;1&quot; valign=3D&quot;middle&quot; &gt;
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                    &lt;font color=3D&quot;#0066CC&quot; face=3D&quot;Verdana,Geneva,Arial,Hel=
vetica,sans-serif&quot; size=3D&quot;1&quot; style=3D&quot;FONT-FAMILY: Verdana,Geneva,Arial,Hel=
vetica,sans-serif;FONT-SIZE: 9pt;LETTER-SPACING: 0.03em;FONT-WEIGHT: bold;CO=
LOR: #0066CC;&quot; &gt;
                    Genesis seeks Executive Director
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                    &lt;font color=3D&quot;#000000&quot; face=3D&quot;Verdana,Geneva,Arial,Hel=
vetica,sans-serif&quot; size=3D&quot;2&quot; style=3D&quot;FONT-FAMILY: Verdana,Geneva,Arial,Hel=
vetica,sans-serif;FONT-SIZE: 10pt;LETTER-SPACING: 0.03em;COLOR: #000000;&quot; &gt;
                    &lt;a href=3D&quot;http://rs6.net/tn.jsp?t=3D4yd9y8bab.0.ao5pr7b=
ab.5w7vbvbab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F%2Fwww.hfh7riversmaine.org%2F&quot; sha=
pe=3D&quot;rect&quot;&gt;&lt;img align=3D&quot;right&quot; alt=3D&quot;Bath ReStore&quot; border=3D&quot;0&quot; height=
=3D&quot;198&quot; hspace=3D&quot;5&quot; src=3D&quot;http://ih.constantcontact.com/fs093/11012917787=
82/img/42.jpg?a=3D1101517360927&quot; vspace=3D&quot;5&quot; width=3D&quot;202.5&quot;/&gt;&lt;/a&gt;
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                    &lt;p &gt;
                    &lt;b&gt;Habitat ReStore opens in
Bath&lt;/b&gt;&lt;br&gt;Over the weekend of February 1 -
3, Habitat for Humanity/7 Rivers
Maine held the grand opening of its ReStore
located in Bath.  The retail outlet will sell
donated new or gently used building materials
in the former Bath Iron Works office building
that was purchased, in part, with an
acquisition loan from the Genesis Fund last
October.&lt;br&gt;&lt;br&gt;&lt;b&gt;Genesis Fund director steps
down&lt;/b&gt;&lt;br&gt;Genesis Fund Executive Director Beth
McPherson, who has led the organization since
1993, will step down on or before June 30,
2007.&lt;br&gt; &lt;br&gt; &quot;I hesitate to use the word
&lt;i&gt;retire&lt;/i&gt;,&quot; she said, &quot;I intend to stay
involved in housing work and other community
work.&quot; Beth looks forward to new opportunities
to serve the community once the new executive
director has settled into the
position.&lt;br&gt;&lt;br&gt;Genesis Fund President
Joanne Campbell, senior vice president of the
Camden National Corporation, is heading the
search process.  The deadline for
applications is Friday, February
16.&lt;br&gt;
                    &lt;/p&gt;
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                    &lt;div style=3D&quot;TEXT-ALIGN: right;&quot; &gt;
                    &lt;a color=3D&quot;#0066CC&quot; href=3D&quot;http://rs6.net/tn.jsp?t=3D4=
yd9y8bab.0.bo5pr7bab.5w7vbvbab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F%2Fwww.genesisfu=
nd.org%2Fexecsearch.htm&quot; shape=3D&quot;rect&quot; style=3D&quot;FONT-WEIGHT: bold;COLOR: #0=
066CC;&quot;&gt;for more on our Executive Director search&lt;/a&gt;
                    &lt;/div&gt;
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            &lt;td colspan=3D&quot;2&quot; rowspan=3D&quot;1&quot; &gt;
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ans-serif&quot; size=3D&quot;2&quot; style=3D&quot;FONT-FAMILY: Verdana,Geneva,Arial,Helvetica,s=
ans-serif;FONT-SIZE: 10pt;LETTER-SPACING: 0.03em;COLOR: #000000;&quot; &gt;
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            &lt;hr color=3D&quot;#000000&quot; style=3D&quot;COLOR: #000000;HEIGHT: 1px;&quot; /&gt; =20=
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            &lt;font color=3D&quot;#000000&quot; face=3D&quot;Verdana,Geneva,Arial,Helvetica,s=
ans-serif&quot; size=3D&quot;2&quot; style=3D&quot;FONT-FAMILY: Verdana,Geneva,Arial,Helvetica,s=
ans-serif;FONT-SIZE: 10pt;LETTER-SPACING: 0.03em;COLOR: #000000;&quot; &gt;        =20=
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            &lt;p &gt;
            &lt;center&gt;&lt;b&gt;Do you have questions about The Genesis Fund?
&lt;/b&gt;&lt;br&gt;
&lt;i&gt;What are the borrowing criteria?&lt;br&gt;
How can I invest in The Genesis Fund?&lt;br&gt;
Can our organization receive technical
assistance?&lt;/i&gt;&lt;p&gt;&lt;/p&gt;

Please visit our website at &lt;a href=3D&quot;http://rs6.net/tn.jsp?t=3D4yd9y8bab.0=
.ekhqcvbab.5w7vbvbab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F%2Fwww.genesisfund.org&quot;&gt;ww=
w.genesisfund.org&lt;/a&gt;
or&lt;br&gt; email Executive Director &lt;a href=3D&quot;mailto:beth@genesisfund.org&quot;&gt;Beth
McPherson&lt;/a&gt;&lt;/center&gt;
            &lt;/p&gt;
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            &lt;br /&gt;
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            &lt;div &gt;   =20
            &lt;b&gt;Genesis Community Loan Fund&lt;/b&gt;
            &lt;/div&gt;
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            &lt;hr align=3D&quot;left&quot; color=3D&quot;#000000&quot; size=3D&quot;1&quot; style=3D&quot;COLOR:=20=
#000000;HEIGHT: 1px;&quot; width=3D&quot;50%&quot; /&gt;
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            &lt;div &gt;
            Email:
            &lt;font color=3D&quot;#0066CC&quot; style=3D&quot;FONT-WEIGHT: bold;COLOR: #0066C=
C;&quot; &gt;
            &lt;a color=3D&quot;#0066CC&quot; href=3D&quot;mailto:info@genesisfund.org&quot; shape=
=3D&quot;rect&quot; style=3D&quot;FONT-WEIGHT: bold;COLOR: #0066CC;&quot;&gt;info@genesisfund.org&lt;/=
a&gt;       =20
            &lt;/font&gt;
            &lt;/div&gt;
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            &lt;div &gt;
            Phone:
            207.563.6073
            &lt;/div&gt;
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            &lt;div &gt;
            Fax:
            207.563.6055&lt;br&gt;&lt;a href=3D&quot;http://rs6.net/tn.jsp?t=3D4yd9y8bab.0=
.ekhqcvbab.5w7vbvbab.209&amp;ts=3DS0229&amp;p=3Dhttp%3A%2F%2Fwww.genesisfund.org&quot;&gt;ww=
w.genesisfund.org&lt;/a&gt;
            &lt;/div&gt;
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&lt;/tr&gt;
&lt;/table&gt;



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&lt;/div&gt;
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