alternative funding models for civic projects- neighbor.ly
DESCRIPTION
When a community needs to reinvent itself, who funds the transformation? Are the established tools— municipal bonds, CDFIs, and foundations among them— working in the new era of lean urbanism? Learn about innovative financing mechanisms— like social impact bonds and crowdfunding— that can help drive civic innovation at scale. Jase Wilson, Neighbor.ly Watch the video online: https://www.youtube.com/watch?v=F6roHOXEjtc&list=PL65XgbSILalVoej11T95Tc7D7-F1PdwHq&index=6 Get involved with Code for America: http://www.codeforamerica.org/actionTRANSCRIPT
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HELLO!
!
@neighborly
COMMUNITY INVESTMENT MARKETPLACE
Jase Wilson // CEOwww.neighbor.ly
PROBLEM
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TOO HARD TO INVEST IN COMMUNITIES
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PROBLEM: HIGH FEES
“Peter Coffin, a municipal bond manager for wealthy individuals said it is about time the muni market got an overhaul.”
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PROBLEMPROBLEM: BANKS NO LONGER IN COMMUNITYTRAVELERS GROUP
CITIGROUP
CITIGROUP
CITICORP
EUROPEAN AMERICAN BANK
BANAMEX
WASHINGTON MUTUAL
GREAT WESTERN FINANCIAL
H.F. AHMANSON
DIME BANCORP
FIRST CHICAGO
BANC ONE
FIRST COMMERCE
JP MORGAN
CHASE MANHATTANCHASE MANHATTAN
CHEMICAL BANKING
BEAR STEARNS
US TRUST
MBNA
CONTINENTAL BANK
BANKAMERICA
BANK OF AMERICA
BANK OF AMERICA
FLEETBOSTON FINANCIAL
SECURITY PACIFIC BANCORP
NATIONSBANK
FLEET FINANCIAL GROUP
BANCBOSTON HOLDINGSBANKBOSTON
SUMMIT BANCORP
BAYBANKS
SUMMIT BANCORP
UJB FINANCIAL
COUNTRYWIDE FINANCIAL
MERRILL LYNCH
WELLS FARGOWELLS FARGO
WELLS FARGO
WACHOVIA
WACHOVIA
WACHOVIA
WELLS FARGO
FIRST UNION
FIRST INTERSTATE BANCORP
NORTHWEST HOLDING COMPANY
SOUTHTRUST
WACHOVIA
CENTRAL FIDELITY NATIONAL BANK
CORESTATES FINANCIAL
FIRST UNION
THE MONEY STORE
WASHINGTON MUTUALWASHINGTON MUTUAL
BANK ONE
JP MORGAN CHASE
JP MORGAN CHASE
1990 2010
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PROBLEM
$
ISSUINGCOMMUNITY
UNDERWRITINGBANK
MUTUAL FUND
INVESTMENT ADVISOR
INDIVIDUAL INVESTOR
+ SPREAD + MGMT FEES + COMMISSION
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SOLUTION
COMMUNITY NEIGHBOR.LY INVESTOR
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1. Find By Place, Type, Etc. 2. Read Story & Terms 3. Invest!
SOLUTION: INVESTMENT MARKETPLACE
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SOLUTION: INVESTMENT MARKETPLACE
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COMMUNITIES !
CREATE JOBS
!
INVESTORS !
EARN $$$ & PERKS
!
ISSUERS !
GET MORE $$$
Win !!
CITIZENS !
ENJOY NEW AMENITIES
Win ! Win ! Win !
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People buy more bonds every week than Kickstarter has raised in its entire history
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YES IT WORKS
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OVER THE NEXT THREE YEARS WE WILL
HELP 1,000 COMMUNITIES FUND 10,000 PROJECTS BY RAISING $1Bn+