March 2007
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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.

We look forward to hearing from you!

Genesis helps mobile home park residents to purchase their park
 
Fort Kent residents form cooperative; Genesis applies for grants
Riverview

Despite the evening's ten below temperatures, residents of the Riverview Trailer Park gathered on February 5 at the Fort Kent town hall to hear from the Genesis Fund staff about an idea that would allow them to remain in their homes past the November date the park owners have set for closure.

Executive Director Beth McPherson and Communications Director Heidi Shott traveled to Fort Kent at the behest of John Bannen, the town's director of planning and economic development, who is concerned about the displacement of 16 households that reside at the park. Some park residents, who own their mobile homes but lease the land on which they sit, have lived at Riverview since the late 1960s. Several are elderly and some are young families for whom the cost of moving a not-so-mobile home to another piece of land is prohibitive. The current owners, faced with insurmountable water and sewer infrastructure problems, issued the legally mandated one-year park closure notification in late November.

At the same time the Genesis Fund, with its staff just returned from training on resident-owned cooperatives in New Hampshire, was considering how to begin the work. “After the initial phone call with John Bannen, I realized that we had our first project to assist with whether we were ready or not,” said McPherson. “The people at Riverview needed assistance and the Genesis Fund was the only group in Maine trained to help.”


Coalition for Coastal Workforce Housing brings message to the State House
 
Legislation proposed for local option real estate tranfer tax
coalition for coastal workforce housing

As one of the founding organizations of the Coalition for Coastal Workforce Housing, the Genesis Fund participated in an event in the Hall of Flags at the State House on February 27.

(Above: As Rep. Ted Koffman of Mount Desert Island speaks to those assembled at the State House, Rep. John McKane, Newcastle; Rep. Hannah Pingree, North Haven; Doug Boynton, Monhegan; and Roger Berle of Cliff Island and the Island Coalition; look on.)

The event was set up to call attention to the more than 50 bills submitted in this legislative session regarding affordable housing. A dozen housing organizations, including the Genesis Fund, displayed materials in the Hall, and speakers included Majority Leader Hannah Pingree, Rep. Ted Koffman, Rep. Jon McKane, Chris Wolff of the Island Institute, and Doug Boynton, president of Monhegan Island Sustainable Community Association (MISCA).

The Coalition for Coastal Workforce Housing, co-chaired by Genesis Fund Associate Director Liza Fleming-Ives, has worked with Majority Leader Pingree to submit three bills this session: (1) creating a local option real estate transfer tax - a 1% tax on properties sold for more than $500,000 that would become available to local towns to support housing for lower to middle income Maine residents, (read text of LD 762)(2) increasing the Homestead Exemption for Maine residents from $13,000 to $20,000, and (3) amending the Property Tax and Rent Refund Program to increase the maximum benefit and expand eligibility.
Story continues...


2007 Housing Challenges and Solutions Forum
 
Camden Housing Committee to host forum on how to address housing challenges facing Maine

An opportunity to pose questions to an expert panel of housing and community development leaders about Maine's current housing challenges and emerging solutions will be offered on Tuesday, March 20, in Rockport.

The forum, which will run from 8 a.m. to 10 a.m., will be held at Camden National Corporation's Hanley Center located at 245 Commercial Street (off Route 1 just south of the Route 1/Route 90 intersection).

Panelists will include Genesis Fund's Executive Director Beth McPherson; Tobi Goldberg of the Federal Home Loan Bank; Erin Cooperrider of Community Housing of Maine; Rodney Lynch of the City of Rockland; and Carlton Pinney of Penquis CAP Agency.

Camden National Bank will sponsor the forum. If you would like to attend, please RSVP by March 14 to Sherry Guarneri at 236-2388 or by email to squarneri@camdennational.com


Genesis board bids farewell to veterans and hello to new friends
 
board on north haven

On April 1, the beginning of the Genesis Fund's fiscal year, two longtime and much-valued board members will take their leave. Charlie Boothby of Bangor and the Rev. Steve White of Newcastle are six-year veterans of the board.

Charlie is the past president of the Unitarian Universalist
Affordable Housing Corporation in Washington, D.C. and continues to serve on the board of
directors of the Bangor Housing Authority.  Steve has served as rector of St. Andrew's Episcopal Church

Pictured above at the October board meeting held on North Haven: 
Board president Joanne Campbell of Camden National Bank, (left); Cullen Ryan of Community Housing of Maine; and Chris Spruce of Island Housing Trust (right) listen to Pat Curtis board member of North Haven Sustainable Housing describe the group's work.
in Newcastle since 1997 and is active in the Damariscotta/Newcastle community and the Diocese of Maine.

The Genesis Fund board is delighted to welcome three new members, each to serve a three-year term: Mark Johnston, Chief Financial Officer Affordable Housing Director at Waterville-based Kennebec Valley Community Action Program (KVCAP); Andrew Sturtevant, Vice President of Loan Services at Franklin Savings Bank; and the Rev. Bill Bliss of Bath, pastor of the Bath United Church of Christ.

At the February meeting of the Genesis Fund board current president Joanne Campbell, a senior vice president at Camden National Corporation, was elected to serve an additional one-year term to see through the leadership transition between Beth McPherson and the new executive director in the coming year. The board expects to announce the appointment of the next Genesis Fund executive director in April.



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 or
email Executive Director Beth McPherson


Genesis Community Loan Fund

Phone: 207.563.6073
Fax: 207.563.6055
www.genesisfund.org

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This email was sent to heidi@genesisfund.org, by info@genesisfund.org

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