Return-Path: <ESC1101684027158_1101291778782_209@in.constantcontact.com> Received: from rly-da06.mx.aol.com (rly-da06.mail.aol.com [172.19.129.80]) by air-da03.mail.aol.com (v118.4) with ESMTP id MAILINDA033-a7446966e4c2f3; Thu, 12 Jul 2007 14:09:41 -0400 Received: from ccm17.constantcontact.com (ccm17.constantcontact.com [66.151.234.154]) by rly-da06.mx.aol.com (v118.4) with ESMTP id MAILRELAYINDA064-a7446966e4c2f3; Thu, 12 Jul 2007 14:09:16 -0400 Received: from ws005 (unknown [10.250.0.101]) by ccm17.constantcontact.com (Postfix) with ESMTP id 41FFB596CAD for <mlongreene2@aol.com>; Thu, 12 Jul 2007 14:09:16 -0400 (EDT) Message-ID: <1101684027158.1101291778782.209.5.4314102E@scheduler> Date: Thu, 12 Jul 2007 14:09:29 -0400 (EDT) From: The Genesis Fund <info@genesisfund.org> Reply-To: heidi@genesisfund.org To: mlongreene2@aol.com Subject: The Lending Hand e-newsletter Mime-Version: 1.0 Content-Type: multipart/alternative; boundary="----=_Part_1518081_381472810.1184263769196" X-Mailer: Roving Constant Contact 0 (http://www.constantcontact.com) X-Return-Path-Hint: ESC1101684027158_1101291778782_209@in.roving.com X-Roving-ID: 1101684027158 X-Lumos-SenderID: 1101291778782 X-Roving-CampaignId: 1101684027158 X-Roving-StreamId: 0 X-AOL-IP: 66.151.234.154 Content-Transfer-Encoding: 7bit ------=_Part_1518081_381472810.1184263769196 Content-Type: text/plain; charset=iso-8859-1 Content-Transfer-Encoding: 7bit July 2007 What's New at Genesis ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Genesis Fund approves more than $1 million in loans Passamaquoddy people of Indian Township celebrate two new facilities Seven grants to support island housing awarded Federal Home Loan Bank of Boston awards funds to support Fort Kent mobile home park ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ What's new at the Genesis Fund - http://rs6.net/tn.jsp?t=wylyxacab.0.nbiwkvbab.5w7vbvbab.209&ts=S0260&p=http%3A%2F%2Fwww.genesisfund.org%2Fnews.htm Today's news about affordable housing in the U.S. - http://rs6.net/tn.jsp?t=wylyxacab.0.lbiwkvbab.5w7vbvbab.209&ts=S0260&p=http%3A%2F%2Fwww.genesisfund.org%2Ftodaysnews.htm View a slideshow of Genesis projects - http://rs6.net/tn.jsp?t=wylyxacab.0.sfegwwbab.5w7vbvbab.209&ts=S0260&p=http%3A%2F%2Fwww.genesisfund.org%2FSlideShow%2FSlideShow_1.html Join our mailing list! http://visitor.constantcontact.com/d.jsp?p=oi&m=1101291778782 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The Lending Hand e-Newsletter The Genesis Fund Our mission is to help Maine nonprofit 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. Genesis Fund approves more than $1 million in loans senior rental housing in Sanford; single family homes on Chebeague and Islesboro; and long-term financing for working waterfront in Cundy's Harbor The Genesis Community Loan Fund's board of directors approved five loans totaling $1,016,500 at its June 14 board meeting in Brunswick. Islesboro Affordable Housing (IAP): The Genesis Fund board approved a loan of $79,500 to refinance the IAP-owned single-family rental home in Dark Harbor as well as an acquisition loan of $140,000 to allow IAP to purchase a second modular home for an income-eligible, year-round island family on an IAP-owned parcel. Sanford Housing Authority: The Genesis Fund board approved a predevelopment loan of $200,000 for The Maples, a project by the Sanford Housing Authority which will provide rental apartments to seniors in Sanford. Chebeague Island Community Association (CICA): The Genesis Fund board approved a loan of $197,000 to allow CICA to purchase an existing single-family house and keep it permanently affordable for a year-round family. Holbrook Community Foundation (HCF), Cundy's Harbor: The Genesis Fund board approved a six-month extension of its current $700,000 bridge loan pending the arrival of a $300,000 grant from the Working Waterfront Access Pilot Program. Upon repaying $300,000 to the Genesis Fund, HCF will refinance $400,000 for five years. Read more about each project ... - http://rs6.net/tn.jsp?t=wylyxacab.0.vxrngccab.5w7vbvbab.209&ts=S0260&p=http%3A%2F%2Fwww.genesisfund.org%2Floansjune-07.htm ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Passamaquoddy people of Indian Township celebrate two new facilities Assisted living facility to open; ground broken on senior apartments On June 19, Passamaquoddy people of Indian Township celebrated the completion of a six-bed assisted living facility for tribal elders to open in August. Since 2003 the Genesis Fund staff have worked closely with tribal leaders and Planning Director Bob Tyler to leverage nearly $2 million dollars to support both the assisted living facility and for a six-unit senior apartment project currently under construction next door. USDA Rural Development, MaineHousing, and the Administration for Native Americans provided a combination of loans and grants to make these two vitally important projects possible for this community of 700 people. After the ribbon-cutting for the assisted living building and the ground-breaking at the senior apartment site, Tribal Governor William Nicholas and two elders, Blanche Socobasin and Joan Dana, burned sage leaves to purify the building. With song and drumbeat and the fragrant smoke of the leaves, they led those gathered through the facility and then welcomed the guests, including representatives from Maine's congressional delegation, to lunch. "The building has been smudged," said Governor Nicholas, "so it is safe for our elders to be here." for photos and more ... - http://rs6.net/tn.jsp?t=wylyxacab.0.wxrngccab.5w7vbvbab.209&ts=S0260&p=http%3A%2F%2Fwww.genesisfund.org%2Findiantownship.htm ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Seven grants to support island housing awarded Chebeague, Isle au Haut, Islesboro, Monhegan, and Peaks Islands receive funds Five nonprofit groups from Maine's offshore islands received a boost on June 19 when seven separate grants to assist year-round island families to secure stable, affordable homes were announced by the Islands Challenge Fund and the Affordable Coast Fund. The Genesis Fund-administered Islands Challenge Fund awarded two grants of $25,000 each to the Chebeague Island Community Association (CICA) and Homestart, a nonprofit group on Peaks Island. Additionally CICA and Homestart each received a grant, $20,000 and $25,000 respectively, from the Affordable Coast Fund, a fund developed in 2007 by the Island Institute of Rockland to assist nonprofit island housing groups with land purchase, capital projects and professional development in support of affordable housing. The Affordable Coast Fund also made three grants of $5,000 each to other island nonprofits engaged in developing affordable housing that is critical to the stability of year-round island communities: Monhegan Island Sustainable Community Association (MISCA), Islesboro Affordable Property; and Isle au Haut Community Development Corporation. Read more about each grant... - http://rs6.net/tn.jsp?t=wylyxacab.0.xxrngccab.5w7vbvbab.209&ts=S0260&p=http%3A%2F%2Fwww.genesisfund.org%2Fislandgrants-07.htm ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Federal Home Loan Bank of Boston awards funds to support Fort Kent mobile home park $197,997 in grants and subsidy will support infrastructure work and low-interest financing The Federal Home Loan Bank of Boston (the Bank) awarded more than $3.5 million to fund 161 units of affordable housing in five Maine communities through its Affordable Housing Program (AHP). One of the awards, sponsored by the Genesis Fund through member bank Camden National will bring $119,997 in grant and subsidy to the Riverview [Mobile Home] Park Cooperative in Fort Kent. In addition, Camden National Bank will make an acquisition loan of $120,000. The funds will support the acquisition and rehabilitation of an existing, investor-owned manufactured-home park that will be converted to a resident-owned cooperative. The Genesis Fund has been working with the Town of Fort Kent and Riverview residents since January to help residents become resident-owners of the park. Twelve units will be occupied by households with incomes at or below 50 percent of area median income, six with incomes between 61 and 80 percent of area median income, and four units will be market rate. All residents will be offered financial planning, educational services, participation in the home-owners' association, and legal authority for management. For more on our work with mobile home parks... - http://rs6.net/tn.jsp?t=wylyxacab.0.yxrngccab.5w7vbvbab.209&ts=S0260&p=http%3A%2F%2Fwww.genesisfund.org%2Fmh5.htm ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 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=wylyxacab.0.ekhqcvbab.5w7vbvbab.209&ts=S0260&p=http%3A%2F%2Fwww.genesisfund.org) or email Executive Director Bill Floyd (mailto:bill@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=wylyxacab.0.ekhqcvbab.5w7vbvbab.209&ts=S0260&p=http%3A%2F%2Fwww.genesisfund.org) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Forward email http://ui.constantcontact.com/sa/fwtf.jsp?m=1101291778782&ea=mlongreene2%40aol.com&a=1101684027158 This email was sent to mlongreene2@aol.com, by info@genesisfund.org Update Profile/Email Address http://visitor.constantcontact.com/d.jsp?p=oo&m=1101291778782&ea=mlongreene2%40aol.com&se=209&t=1101684027158&lang=en&reason=F Instant removal with SafeUnsubscribe(TM) http://visitor.constantcontact.com/d.jsp?p=un&m=1101291778782&ea=mlongreene2%40aol.com&se=209&t=1101684027158&lang=en&reason=F Privacy Policy: http://ui.constantcontact.com/roving/CCPrivacyPolicy.jsp Genesis Community Loan Fund | 26 Water Street | P.O. Box 609 | Damariscotta | ME | 04543 ------=_Part_1518081_381472810.1184263769196 Content-Type: text/html; charset=iso-8859-1 Content-Transfer-Encoding: 7bit <head > <title >The Lending Hand e-newsletter</title></head> <body bgcolor="#FFFFFF" style="BACKGROUND-COLOR: #FFFFFF;MARGIN: 10px;" ><!--Copyright (c) 1996-2006 Roving Software Incorporated d/b/a Constant Contact. All rights reserved. Except as permitted under a separate written agreement with Constant Contact, neither the Constant Contact software, nor any content that appears on any Constant Contact site, including but not limited to, web pages, newsletters, or templates may be reproduced, republished, repurposed, or distributed without the prior written permission of Constant Contact. 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background="http://ih.constantcontact.com/fs093/1101291778782/img/3.jpg?a=1101684027158" colspan="1" rowspan="1" style="BACKGROUND-REPEAT: no-repeat;" > <br /><br /><br /><br /><br /> <table border="0" cellpadding="0" cellspacing="0" width="100%" > <tr > <td align="right" background="" colspan="1" rowspan="1" style="BACKGROUND-REPEAT: repeat;PADDING-LEFT: 10px;PADDING-RIGHT: 10px;" > <font color="#FFFFFF" face="Arial,Helvetica,sans-serif" size="2" style="COLOR: #FFFFFF;FONT-SIZE: 10pt;FONT-WEIGHT: bold;FONT-FAMILY: Arial,Helvetica,sans-serif;" > <font color="#FFFFFF" face="Arial,Helvetica,sans-serif" size="1" style="font-family:Arial,Helvetica,sans-serif;font-size:8pt;font-style:normal;font-weight:bold;color:#FFFFFF;" ><br><br><br><br></font> </font> <br /> </td> </tr> </table> </td> </tr> </table> <table border="0" cellpadding="5" cellspacing="0" width="600" > <tr bgcolor="#FFFFFF" style="PADDING: 3px;BACKGROUND-COLOR: #FFFFFF;" > <td align="right" colspan="2" rowspan="1" > <font color="#000000" face="Arial,Helvetica,sans-serif" size="2" style="COLOR: #000000;FONT-SIZE: 10pt;FONT-WEIGHT: bold;FONT-FAMILY: Arial,Helvetica,sans-serif;" > July 2007 </font> </td> </tr> <tr > <td bgcolor="#FFFFFF" colspan="1" rowspan="1" style="BACKGROUND-COLOR: #FFFFFF;" valign="top" > <table bgcolor="#9A5973" border="0" cellpadding="1" cellspacing="0" style="BACKGROUND-COLOR: #9A5973;" width="175" > <tr > <td align="center" colspan="1" rowspan="1" > <font color="#FFFFFF" face="Arial,Helvetica,sans-serif" size="2" style="FONT-FAMILY: Arial,Helvetica,sans-serif;FONT-SIZE: 11pt;FONT-WEIGHT: bold;LETTER-SPACING: -0.05em;COLOR: #FFFFFF;" > What's New at Genesis </font> </td> <td background="http://img.constantcontact.com/letters/images/newsletters_crisp2_rounded.gif" colspan="1" rowspan="1" style="BACKGROUND-REPEAT: no-repeat;BACKGROUND-POSITION: top right;" width="12" >&nbsp;</td> </tr> <tr > <td colspan="2" rowspan="1" > <table border="0" cellpadding="3" cellspacing="0" width="100%" > <tr bgcolor="#FFFFFF" style="BACKGROUND-COLOR: #FFFFFF;" > <td align="left" colspan="1" rowspan="1" valign="top" > <font color="#0000CC" face="Verdana,Geneva,Arial,Helvetica,sans-serif" size="2" style="FONT-FAMILY: Verdana,Geneva,Arial,Helvetica,sans-serif;FONT-SIZE: 10pt;FONT-WEIGHT: bold;LETTER-SPACING: -0.05em;COLOR: #0000CC;TEXT-DECORATION: none;" > <ul style="LIST-STYLE: none;PADDING: 5px;MARGIN: 0px;" > <li style="PADDING-BOTTOM: 10px;" ><a color="#0000CC" face="Verdana,Geneva,Arial,Helvetica,sans-serif" href="#article1" shape="rect" size="2" style="FONT-FAMILY: Verdana,Geneva,Arial,Helvetica,sans-serif;FONT-SIZE: 10pt;FONT-WEIGHT: bold;LETTER-SPACING: -0.05em;COLOR: #0000CC;TEXT-DECORATION: none;">Genesis Fund approves more than $1 million in loans</a></li> <li style="PADDING-BOTTOM: 10px;" ><a color="#0000CC" face="Verdana,Geneva,Arial,Helvetica,sans-serif" href="#article2" shape="rect" size="2" style="FONT-FAMILY: Verdana,Geneva,Arial,Helvetica,sans-serif;FONT-SIZE: 10pt;FONT-WEIGHT: bold;LETTER-SPACING: -0.05em;COLOR: #0000CC;TEXT-DECORATION: none;">Passamaquoddy people of Indian Township celebrate two new facilities</a></li> <li style="PADDING-BOTTOM: 10px;" ><a color="#0000CC" face="Verdana,Geneva,Arial,Helvetica,sans-serif" href="#article3" shape="rect" size="2" style="FONT-FAMILY: Verdana,Geneva,Arial,Helvetica,sans-serif;FONT-SIZE: 10pt;FONT-WEIGHT: bold;LETTER-SPACING: -0.05em;COLOR: #0000CC;TEXT-DECORATION: none;">Seven grants to support island housing awarded</a></li> <li style="PADDING-BOTTOM: 10px;" ><a color="#0000CC" face="Verdana,Geneva,Arial,Helvetica,sans-serif" href="#article4" shape="rect" size="2" style="FONT-FAMILY: Verdana,Geneva,Arial,Helvetica,sans-serif;FONT-SIZE: 10pt;FONT-WEIGHT: bold;LETTER-SPACING: -0.05em;COLOR: #0000CC;TEXT-DECORATION: none;">Federal Home Loan Bank of Boston awards funds to support Fort Kent mobile home park</a></li> </ul> </font> </td> </tr> </table> </td> </tr> </table> <br /> <table bgcolor="#9A5973" border="0" cellpadding="1" cellspacing="0" style="BACKGROUND-COLOR: #9A5973;" width="100%" > <tr > <td align="center" colspan="1" rowspan="1" > <font color="#0066CC" face="Arial,Helvetica,sans-serif" size="2" style="FONT-FAMILY: Arial,Helvetica,sans-serif;FONT-SIZE: 11pt;FONT-WEIGHT: bold;LETTER-SPACING: -0.05em;COLOR: #0066CC;" > <font color="#FFFFFF" face="Arial,Helvetica,sans-serif" size="2" style="font-family:Arial,Helvetica,sans-serif;font-size:11pt;font-style:normal;font-weight:bold;color:#FFFFFF;" >Interesting Links</font> </font> </td> <td background="http://img.constantcontact.com/letters/images/newsletters_crisp2_rounded.gif" colspan="1" rowspan="1" style="BACKGROUND-REPEAT: no-repeat;BACKGROUND-POSITION: top right;" width="12" >&nbsp;</td> </tr> <tr > <td colspan="2" rowspan="1" > <table bgcolor="#FFFFFF" border="0" cellpadding="3" cellspacing="0" style="BACKGROUND-COLOR: #FFFFFF;" width="100%" > <tr > <td align="left" colspan="1" rowspan="1" valign="top" > <ul style="LIST-STYLE: none;PADDING: 5px;MARGIN: 0px;" > <li style="PADDING-BOTTOM: 10px;" ><a color="#739A59" face="Verdana, Geneva, Arial, Helvetica, sans-serif" href="http://rs6.net/tn.jsp?t=wylyxacab.0.nbiwkvbab.5w7vbvbab.209&ts=S0260&p=http%3A%2F%2Fwww.genesisfund.org%2Fnews.htm" shape="rect" size="2" style="FONT-FAMILY: Verdana, Geneva, Arial, Helvetica, sans-serif;FONT-SIZE: 10pt;FONT-WEIGHT: bold;LETTER-SPACING: -0.05em;COLOR: #739A59;TEXT-DECORATION: none;">What's new at the Genesis Fund</a></li> <li style="PADDING-BOTTOM: 10px;" ><a color="#739A59" face="Verdana, Geneva, Arial, Helvetica, sans-serif" href="http://rs6.net/tn.jsp?t=wylyxacab.0.lbiwkvbab.5w7vbvbab.209&ts=S0260&p=http%3A%2F%2Fwww.genesisfund.org%2Ftodaysnews.htm" shape="rect" size="2" style="FONT-FAMILY: Verdana, Geneva, Arial, Helvetica, sans-serif;FONT-SIZE: 10pt;FONT-WEIGHT: bold;LETTER-SPACING: -0.05em;COLOR: #739A59;TEXT-DECORATION: none;">Today's news about affordable housing in the U.S.</a></li> <li style="PADDING-BOTTOM: 10px;" ><a color="#739A59" face="Verdana, Geneva, Arial, Helvetica, sans-serif" href="http://rs6.net/tn.jsp?t=wylyxacab.0.sfegwwbab.5w7vbvbab.209&ts=S0260&p=http%3A%2F%2Fwww.genesisfund.org%2FSlideShow%2FSlideShow_1.html" shape="rect" size="2" style="FONT-FAMILY: Verdana, Geneva, Arial, Helvetica, sans-serif;FONT-SIZE: 10pt;FONT-WEIGHT: bold;LETTER-SPACING: -0.05em;COLOR: #739A59;TEXT-DECORATION: none;">View a slideshow of Genesis projects</a></li> </ul> </td> </tr> </table> </td> </tr> </table> <br /> <table bgcolor="#9A5973" border="0" cellpadding="1" cellspacing="0" style="BACKGROUND-COLOR: #9A5973;" width="100%" > <tr > <td align="center" colspan="1" rowspan="1" > <font color="#FFFFFF" face="Arial,Helvetica,sans-serif" size="2" style="FONT-FAMILY: Arial,Helvetica,sans-serif;FONT-SIZE: 11pt;FONT-WEIGHT: bold;LETTER-SPACING: -0.05em;COLOR: #FFFFFF;" > Join our list </font> </td> <td background="http://img.constantcontact.com/letters/images/newsletters_crisp2_rounded.gif" colspan="1" rowspan="1" style="BACKGROUND-REPEAT: no-repeat;BACKGROUND-POSITION: top right;" width="12" >&nbsp;</td> </tr> <tr > <td colspan="2" rowspan="1" > <table bgcolor="#FFFFFF" border="0" cellpadding="3" cellspacing="0" style="BACKGROUND-COLOR: #FFFFFF;" width="100%" > <tr > <td align="center" colspan="1" rowspan="1" valign="top" > <font color="#000000" face="Arial, Helvetica, sans-serif" size="2" style="FONT-FAMILY: Arial, Helvetica, sans-serif;FONT-SIZE: 10pt;FONT-WEIGHT: bold;COLOR: #000000;TEXT-ALIGN: center;" > <form action="http://visitor.constantcontact.com/d.jsp" method="post" target="_blank" >Join our mailing list!<br /><input name="m" type="hidden" value="1101291778782" /><input name="p" type="hidden" value="oi" /><input name="ea" size="15" type="text" /><input style="font-size: 9pt;" type="submit" value="Join" /></form> </font> </td> </tr> </table> </td> </tr> </table> </td> <td bgcolor="#FFFFFF" colspan="1" rowspan="1" style="BACKGROUND-COLOR: #FFFFFF;" valign="top" width="100%" > <table border="0" cellpadding="3" cellspacing="0" width="100%" > <tr > <td colspan="1" rowspan="1" > <div style="PADDING: 0px;" > <font color="#000000" face="Verdana,Geneva,Arial,Helvetica,sans-serif" size="2" style="FONT-FAMILY: Verdana,Geneva,Arial,Helvetica,sans-serif;FONT-SIZE: 10pt;LETTER-SPACING: 0.03em;COLOR: #000000;" > <p > <font color="#000000" face="Arial,Helvetica,sans-serif" size="2" style="FONT-FAMILY: Arial,Helvetica,sans-serif;FONT-SIZE: 10pt;FONT-WEIGHT: bold;COLOR: #000000;" > The Lending Hand e-Newsletter </font> </p> <p > <i><b>The Genesis Fund</b></i> <br>Our mission is to help Maine nonprofit 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.<br><br> </p> </font> <a name="article1" shape="rect"/> <table border="0" cellpadding="0" cellspacing="0" > <tr bgcolor="#0066CC" style="BACKGROUND-COLOR: #0066CC;" > <td colspan="1" rowspan="1" valign="top" > <div style="PADDING: 3px;" > <font color="#FFFFFF" face="Arial,Helvetica,sans-serif" size="2" style="FONT-FAMILY: Arial,Helvetica,sans-serif;FONT-SIZE: 10pt;LETTER-SPACING: -0.02em;FONT-WEIGHT: bold;COLOR: #FFFFFF;" > Genesis Fund approves more than $1 million in loans </font> </div> </td> <td background="http://img.constantcontact.com/letters/images/newsletters_crisp2_rounded.gif" colspan="1" rowspan="1" style="BACKGROUND-REPEAT: no-repeat;BACKGROUND-POSITION: top right;" width="12" >&nbsp;</td> </tr> <tr > <td colspan="2" rowspan="1" valign="middle" > <font color="#0066CC" face="Verdana,Geneva,Arial,Helvetica,sans-serif" size="1" style="FONT-FAMILY: Verdana,Geneva,Arial,Helvetica,sans-serif;FONT-SIZE: 9pt;LETTER-SPACING: 0.03em;FONT-WEIGHT: bold;COLOR: #0066CC;" > <font color="#0066CC" face="Verdana,Geneva,Arial,Helvetica,sans-serif" size="1" style="font-family:Verdana,Geneva,Arial,Helvetica,sans-serif;font-size:9pt;font-style:normal;font-weight:bold;color:#0066CC;" >senior rental housing in Sanford; single family homes on Chebeague and Islesboro; and long-term financing for working waterfront in Cundy's Harbor</font> </font><br /> <font color="#000000" face="Verdana,Geneva,Arial,Helvetica,sans-serif" size="2" style="FONT-FAMILY: Verdana,Geneva,Arial,Helvetica,sans-serif;FONT-SIZE: 10pt;LETTER-SPACING: 0.03em;COLOR: #000000;" > <a href="http://rs6.net/tn.jsp?t=wylyxacab.0.vxrngccab.5w7vbvbab.209&ts=S0260&p=http%3A%2F%2Fwww.genesisfund.org%2Floansjune-07.htm" shape="rect"><img align="right" alt="islesboro modular" border="0" height="135" hspace="5" src="http://ih.constantcontact.com/fs093/1101291778782/img/57.jpg?a=1101684027158" vspace="5" width="180"/></a> <p > The Genesis Community Loan Fund's board of directors approved five loans totaling $1,016,500 at its June 14 board meeting in Brunswick.<br><br> <b>Islesboro Affordable Housing (IAP)</b>:<br> The Genesis Fund board approved a loan of $79,500 to refinance the IAP-owned single-family rental home in Dark Harbor as well as an acquisition loan of $140,000 to allow IAP to purchase a second modular home for an income-eligible, year-round island family on an IAP-owned parcel.<br><br> <b>Sanford Housing Authority:</b><br> The Genesis Fund board approved a predevelopment loan of $200,000 for The Maples, a project by the Sanford Housing Authority which will provide rental apartments to seniors in Sanford. <br><br> <b>Chebeague Island Community Association (CICA): </b><br>The Genesis Fund board approved a loan of $197,000 to allow CICA to purchase an existing single-family house and keep it permanently affordable for a year-round family.<br><br> <b>Holbrook Community Foundation (HCF), Cundy's Harbor:</b> <br>The Genesis Fund board approved a six-month extension of its current $700,000 bridge loan pending the arrival of a $300,000 grant from the Working Waterfront Access Pilot Program. Upon repaying $300,000 to the Genesis Fund, HCF will refinance $400,000 for five years. </p> <div style="TEXT-ALIGN: right;" > <a color="#0066CC" href="http://rs6.net/tn.jsp?t=wylyxacab.0.vxrngccab.5w7vbvbab.209&ts=S0260&p=http%3A%2F%2Fwww.genesisfund.org%2Floansjune-07.htm" shape="rect" style="FONT-WEIGHT: bold;COLOR: #0066CC;">Read more about each project ...</a> </div> </font> </td> </tr> </table> <br /> <a name="article2" shape="rect"/> <table border="0" cellpadding="0" cellspacing="0" > <tr bgcolor="#0066CC" style="BACKGROUND-COLOR: #0066CC;" > <td colspan="1" rowspan="1" valign="top" > <div style="PADDING: 3px;" > <font color="#FFFFFF" face="Arial,Helvetica,sans-serif" size="2" style="FONT-FAMILY: Arial,Helvetica,sans-serif;FONT-SIZE: 10pt;LETTER-SPACING: -0.02em;FONT-WEIGHT: bold;COLOR: #FFFFFF;" > Passamaquoddy people of Indian Township celebrate two new facilities </font> </div> </td> <td background="http://img.constantcontact.com/letters/images/newsletters_crisp2_rounded.gif" colspan="1" rowspan="1" style="BACKGROUND-REPEAT: no-repeat;BACKGROUND-POSITION: top right;" width="12" >&nbsp;</td> </tr> <tr > <td colspan="2" rowspan="1" valign="middle" > <font color="#0066CC" face="Verdana,Geneva,Arial,Helvetica,sans-serif" size="1" style="FONT-FAMILY: Verdana,Geneva,Arial,Helvetica,sans-serif;FONT-SIZE: 9pt;LETTER-SPACING: 0.03em;FONT-WEIGHT: bold;COLOR: #0066CC;" > <font color="#0066CC" face="Verdana,Geneva,Arial,Helvetica,sans-serif" size="1" style="font-family:Verdana,Geneva,Arial,Helvetica,sans-serif;font-size:9pt;font-style:normal;font-weight:bold;color:#0066CC;" >Assisted living facility to open; ground broken on senior apartments</font> </font><br /> <font color="#000000" face="Verdana,Geneva,Arial,Helvetica,sans-serif" size="2" style="FONT-FAMILY: Verdana,Geneva,Arial,Helvetica,sans-serif;FONT-SIZE: 10pt;LETTER-SPACING: 0.03em;COLOR: #000000;" > <a href="http://rs6.net/tn.jsp?t=wylyxacab.0.wxrngccab.5w7vbvbab.209&ts=S0260&p=http%3A%2F%2Fwww.genesisfund.org%2Findiantownship.htm" shape="rect"><img align="right" alt="indian township-ribbon" border="0" height="135" hspace="5" src="http://ih.constantcontact.com/fs093/1101291778782/img/58.jpg?a=1101684027158" vspace="5" width="180"/></a> <p > On June 19, Passamaquoddy people of Indian Township celebrated the completion of a six-bed assisted living facility for tribal elders to open in August.<br><br>Since 2003 the Genesis Fund staff have worked closely with tribal leaders and Planning Director Bob Tyler to leverage nearly $2 million dollars to support both the assisted living facility and for a six-unit senior apartment project currently under construction next door.<br><br>USDA Rural Development, MaineHousing, and the Administration for Native Americans provided a combination of loans and grants to make these two vitally important projects possible for this community of 700 people.<br><br>After the ribbon-cutting for the assisted living building and the ground-breaking at the senior apartment site, Tribal Governor William Nicholas and two elders, Blanche Socobasin and Joan Dana, burned sage leaves to purify the building. With song and drumbeat and the fragrant smoke of the leaves, they led those gathered through the facility and then welcomed the guests, including representatives from Maine's congressional delegation, to lunch. <br><br>"The building has been smudged," said Governor Nicholas, "so it is safe for our elders to be here." </p> <div style="TEXT-ALIGN: right;" > <a color="#0066CC" href="http://rs6.net/tn.jsp?t=wylyxacab.0.wxrngccab.5w7vbvbab.209&ts=S0260&p=http%3A%2F%2Fwww.genesisfund.org%2Findiantownship.htm" shape="rect" style="FONT-WEIGHT: bold;COLOR: #0066CC;">for photos and more ...</a> </div> </font> </td> </tr> </table> <br /> <a name="article3" shape="rect"/> <table border="0" cellpadding="0" cellspacing="0" > <tr bgcolor="#0066CC" style="BACKGROUND-COLOR: #0066CC;" > <td colspan="1" rowspan="1" valign="top" > <div style="PADDING: 3px;" > <font color="#FFFFFF" face="Arial,Helvetica,sans-serif" size="2" style="FONT-FAMILY: Arial,Helvetica,sans-serif;FONT-SIZE: 10pt;LETTER-SPACING: -0.02em;FONT-WEIGHT: bold;COLOR: #FFFFFF;" > Seven grants to support island housing awarded </font> </div> </td> <td background="http://img.constantcontact.com/letters/images/newsletters_crisp2_rounded.gif" colspan="1" rowspan="1" style="BACKGROUND-REPEAT: no-repeat;BACKGROUND-POSITION: top right;" width="12" >&nbsp;</td> </tr> <tr > <td colspan="2" rowspan="1" valign="middle" > <font color="#0066CC" face="Verdana,Geneva,Arial,Helvetica,sans-serif" size="1" style="FONT-FAMILY: Verdana,Geneva,Arial,Helvetica,sans-serif;FONT-SIZE: 9pt;LETTER-SPACING: 0.03em;FONT-WEIGHT: bold;COLOR: #0066CC;" > Chebeague, Isle au Haut, Islesboro, Monhegan, and Peaks Islands receive funds </font><br /> <font color="#000000" face="Verdana,Geneva,Arial,Helvetica,sans-serif" size="2" style="FONT-FAMILY: Verdana,Geneva,Arial,Helvetica,sans-serif;FONT-SIZE: 10pt;LETTER-SPACING: 0.03em;COLOR: #000000;" > <p > Five nonprofit groups from Maine's offshore islands received a boost on June 19 when seven separate grants to assist year-round island families to secure stable, affordable homes were announced by the Islands Challenge Fund and the Affordable Coast Fund.<br><br> The Genesis Fund-administered Islands Challenge Fund awarded two grants of $25,000 each to the Chebeague Island Community Association (CICA) and Homestart, a nonprofit group on Peaks Island. Additionally CICA and Homestart each received a grant, $20,000 and $25,000 respectively, from the Affordable Coast Fund, a fund developed in 2007 by the Island Institute of Rockland to assist nonprofit island housing groups with land purchase, capital projects and professional development in support of affordable housing. <br><br>The Affordable Coast Fund also made three grants of $5,000 each to other island nonprofits engaged in developing affordable housing that is critical to the stability of year-round island communities: Monhegan Island Sustainable Community Association (MISCA), Islesboro Affordable Property; and Isle au Haut Community Development Corporation. </p> <div style="TEXT-ALIGN: right;" > <a color="#0066CC" href="http://rs6.net/tn.jsp?t=wylyxacab.0.xxrngccab.5w7vbvbab.209&ts=S0260&p=http%3A%2F%2Fwww.genesisfund.org%2Fislandgrants-07.htm" shape="rect" style="FONT-WEIGHT: bold;COLOR: #0066CC;">Read more about each grant...</a> </div> </font> </td> </tr> </table> <br /> <a name="article4" shape="rect"/> <table border="0" cellpadding="0" cellspacing="0" > <tr bgcolor="#0066CC" style="BACKGROUND-COLOR: #0066CC;" > <td colspan="1" rowspan="1" valign="top" > <div style="PADDING: 3px;" > <font color="#FFFFFF" face="Arial,Helvetica,sans-serif" size="2" style="FONT-FAMILY: Arial,Helvetica,sans-serif;FONT-SIZE: 10pt;LETTER-SPACING: -0.02em;FONT-WEIGHT: bold;COLOR: #FFFFFF;" > Federal Home Loan Bank of Boston awards funds to support Fort Kent mobile home park </font> </div> </td> <td background="http://img.constantcontact.com/letters/images/newsletters_crisp2_rounded.gif" colspan="1" rowspan="1" style="BACKGROUND-REPEAT: no-repeat;BACKGROUND-POSITION: top right;" width="12" >&nbsp;</td> </tr> <tr > <td colspan="2" rowspan="1" valign="middle" > <font color="#0066CC" face="Verdana,Geneva,Arial,Helvetica,sans-serif" size="1" style="FONT-FAMILY: Verdana,Geneva,Arial,Helvetica,sans-serif;FONT-SIZE: 9pt;LETTER-SPACING: 0.03em;FONT-WEIGHT: bold;COLOR: #0066CC;" > $197,997 in grants and subsidy will support infrastructure work and low-interest financing </font><br /> <font color="#000000" face="Verdana,Geneva,Arial,Helvetica,sans-serif" size="2" style="FONT-FAMILY: Verdana,Geneva,Arial,Helvetica,sans-serif;FONT-SIZE: 10pt;LETTER-SPACING: 0.03em;COLOR: #000000;" > <a href="http://rs6.net/tn.jsp?t=wylyxacab.0.yxrngccab.5w7vbvbab.209&ts=S0260&p=http%3A%2F%2Fwww.genesisfund.org%2Fmh5.htm" shape="rect"><img align="right" alt="Riverview - Fort Kent" border="0" height="140" hspace="5" src="http://ih.constantcontact.com/fs093/1101291778782/img/56.jpg?a=1101684027158" vspace="5" width="180"/></a> <p > The Federal Home Loan Bank of Boston (the Bank) awarded more than $3.5 million to fund 161 units of affordable housing in five Maine communities through its Affordable Housing Program (AHP).<br><br> One of the awards, sponsored by the Genesis Fund through member bank Camden National will bring $119,997 in grant and subsidy to the Riverview [Mobile Home] Park Cooperative in Fort Kent. In addition, Camden National Bank will make an acquisition loan of $120,000. The funds will support the acquisition and rehabilitation of an existing, investor-owned manufactured-home park that will be converted to a resident-owned cooperative. The Genesis Fund has been working with the Town of Fort Kent and Riverview residents since January to help residents become resident-owners of the park.<br><br> Twelve units will be occupied by households with incomes at or below 50 percent of area median income, six with incomes between 61 and 80 percent of area median income, and four units will be market rate. All residents will be offered financial planning, educational services, participation in the home-owners' association, and legal authority for management. </p> <div style="TEXT-ALIGN: right;" > <a color="#0066CC" href="http://rs6.net/tn.jsp?t=wylyxacab.0.yxrngccab.5w7vbvbab.209&ts=S0260&p=http%3A%2F%2Fwww.genesisfund.org%2Fmh5.htm" shape="rect" style="FONT-WEIGHT: bold;COLOR: #0066CC;">For more on our work with mobile home parks...</a> </div> </font> </td> </tr> </table> <br /> <table border="0" cellpadding="0" cellspacing="0" > <tr > <td colspan="2" rowspan="1" valign="middle" > <br /> <font color="#000000" face="Verdana,Geneva,Arial,Helvetica,sans-serif" size="2" style="FONT-FAMILY: Verdana,Geneva,Arial,Helvetica,sans-serif;FONT-SIZE: 10pt;LETTER-SPACING: 0.03em;COLOR: #000000;" > <p > </p> <p /> </font> </td> </tr> </table> <br /> </div> </td> </tr> </table> </td> </tr> <tr > <td colspan="2" rowspan="1" > <font color="#000000" face="Verdana,Geneva,Arial,Helvetica,sans-serif" size="2" style="FONT-FAMILY: Verdana,Geneva,Arial,Helvetica,sans-serif;FONT-SIZE: 10pt;LETTER-SPACING: 0.03em;COLOR: #000000;" > <hr color="#000000" style="COLOR: #000000;HEIGHT: 1px;" /> <font color="#000000" face="Verdana,Geneva,Arial,Helvetica,sans-serif" size="2" style="FONT-FAMILY: Verdana,Geneva,Arial,Helvetica,sans-serif;FONT-SIZE: 10pt;LETTER-SPACING: 0.03em;COLOR: #000000;" > <p > <center><b>Questions about The Genesis Fund? </b><br> <i>What are the borrowing criteria?<br> How can I invest in The Genesis Fund?<br> Can our organization receive technical assistance?</i><p></p> Please visit our website at <a href="http://rs6.net/tn.jsp?t=wylyxacab.0.ekhqcvbab.5w7vbvbab.209&ts=S0260&p=http%3A%2F%2Fwww.genesisfund.org">www.genesisfund. org</a> or<br> email Executive Director <a href="mailto:bill@genesisfund.org">Bill Floyd</a></center> </p> </font> <br /> <div > <b>Genesis Community Loan Fund</b> </div> <hr align="left" color="#000000" size="1" style="COLOR: #000000;HEIGHT: 1px;" width="50%" /> <div > Email: <font color="#0066CC" style="FONT-WEIGHT: bold;COLOR: #0066CC;" > <a color="#0066CC" href="mailto:info@genesisfund.org" shape="rect" style="FONT-WEIGHT: bold;COLOR: #0066CC;">info@genesisfund.org</a> </font> </div> <div > Phone: 207.563.6073 </div> <div > Fax: 207.563.6055<br><a href="http://rs6.net/tn.jsp?t=wylyxacab.0.ekhqcvbab.5w7vbvbab.209&ts=S0260&p=http%3A%2F%2Fwww.genesisfund.org">www.genesisfund.org</a> </div> </font> </td> </tr> </table> </td> </tr> </table> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" width="600" > <tr > <td colspan="2" rowspan="1" > <div style="visibility:hidden;" > </div> </td> </tr> </table> </div> <br /> <table bgcolor="#ffffff" padding="0" width="100%" ><tr align="center" ><td ><table bgcolor="#ffffff" width="595" ><tr ><td colspan="2" ><font face="verdana,arial" size="1" ><b ><a href="http://ui.constantcontact.com/sa/fwtf.jsp?m=1101291778782&ea=mlongreene2%40aol.com&a=1101684027158" style="color: #0000ff;" target="_blank">Forward email</a></b></font><br /> <br /> </td></tr> <tr ><td ><font face="verdana,arial" size="1" ><FooterContent ><a href="http://visitor.constantcontact.com/d.jsp?p=un&m=1101291778782&ea=mlongreene2%40aol.com&se=209&t=1101684027158&lang=en&reason=F" target="_blank"><img border="0" src="http://img.constantcontact.com/letters/images/safe_unsubscribe_logo.gif"/></a> <div >This email was sent to mlongreene2@aol.com, by <a href="mailto:info@genesisfund.org" style="color:#0000ff;">info@genesisfund.org</a></div> <div ><a href="http://visitor.constantcontact.com/d.jsp?p=oo&m=1101291778782&ea=mlongreene2%40aol.com&se=209&t=1101684027158&lang=en&reason=F" style="color:#0000ff;" target="_blank">Update Profile/Email Address</a> | Instant removal with <a href="http://visitor.constantcontact.com/d.jsp?p=un&m=1101291778782&ea=mlongreene2%40aol.com&se=209&t=1101684027158&lang=en&reason=F" style="color:#0000ff;" target="_blank">SafeUnsubscribe</a>&trade; | <a href="http://ui.constantcontact.com/roving/CCPrivacyPolicy.jsp" style="color:#0000ff;" target="_blank">Privacy Policy</a>.</div></FooterContent></font> </td> <td ><font face="verdana,arial" size="1" ><FooterLogo /></font> </td> </tr> <tr ><td colspan="2" ><font face="verdana,arial" size="1" ><br />Genesis Community Loan Fund | 26 Water Street | P.O. Box 609 | Damariscotta | ME | 04543</font> </td> </tr> </table> </td> </tr> </table> <br /> </body> ------=_Part_1518081_381472810.1184263769196--