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The Genesis Fund is a mission-driven nonprofit lending institution, known as a Community Development Financial Institution (CDFI). For 30 years, we’ve helped to connect communities in Maine and New Hampshire to $80 million in patient, flexible, risk-tolerant loan capital, financing over 300 housing and community facility projects. We’ve also supported hundreds of nonprofits with thousands of hours of specialized consulting, to turn their housing and community development ideas into reality.
We envision communities that are vibrant, resilient, and equitable places where people can thrive, feel connected to each other, and enjoy shared assets that benefit all. We envision communities that have sufficient resources allocated to affordable housing, child care, health care, and other social services. We believe these resources should create both a safety net as well as opportunities for people to overcome systemic barriers to prosperity and build wealth and stability for themselves and future generations.
Contributions: Genesis Fund donations increase our flexible loan capital, helping to keep our loans affordable for nonprofit organizations seeking financing to develop their affordable housing or community facility project. Donations also support our ability to offer low- and no-cost technical assistance to organizations working to create and preserve affordable housing, add childcare slots, provide more shelter beds, expand food bank capacity and more. Donations can also be used to leverage additional funding through grant awards and investments, increasing our lending capacity and community impact several times over.
Investments: The Genesis Fund provides a unique opportunity for individuals and organizations to invest in community development projects here in Maine and beyond. See our ad (on facing page) for additional information.
Rebecca Hatfield, Board Vice President: President & CEO, Avesta Housing
Laurie Miller, Board Treasurer: Executive Director, Old Town Housing Authority
Brenda Peluso, Board Secretary: Nonprofit Consultant
Janice de Lima: Vice President, CRA Officer & Community Development Banking, Norway Savings Bank
Diane Donaldson: Team Leader & Senior Vice President, Commercial Banking, Bangor Savings Bank
Beth Hayward: Vice President, Business Banking, Machias Savings Bank
Shima Kabirigi: Program Officer, Maine Initiatives
Jeff Mosley: Program Lead, National Equitable Development Initiative, Capital Impact Partners
Betty Robinson: Emeritus Professor, University of Southern Maine
Tom Whelan: President, Bath Savings Trust Co.
Established: 1992
Employees: 8
Annual revenue: $4,443,662
81% Contributed Income
18% Net Financing Income
1% Other Earned Income
22 Lincoln St., Brunswick, ME 04011
(207) 844-2035
https://www.genesisfund.org
https://www.facebook.com/GenesisFund
https://www.instagram.com/genesis-community-loan-fund
The Genesis Fund brings together resources to create housing and community facilities for those being left out of the mainstream economy.
We make projects happen that otherwise wouldn’t, by lending capital, delivering expert advice, leveraging our experience to promote systemic change, and helping to move resources toward community needs.
Maine, New Hampshire and Vermont
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