OPPORTUNITY FINANCE NETWORK ANNUAL CONFERENCE COMES TO PHILADELPHIA

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OFNlgogFrom October 15th-18th thousands of community development financial institution (CDFI) staff, funders, policymakers and investors will be in Philadelphia to network, learn from each other and explore the great city of Philadelphia. This year’s agenda promises to be the most exciting yet, with 13 tracks including more than 50 practitioner-driven training sessions, five community development finance tours, a CDFI client entrepreneur marketplace, the 2013 Wells Fargo NEXT Awards for Opportunity Finance, the Native CDFI Awards celebration, the Ned Gramlich Lifetime Achievement Award, and dozens of new networking options.

A high point of the conference each year are the tours which this year will focus on Philadelphia-area Members’ work with micro businesses, charter schools, community health centers, healthy foods, and energy efficiency financing projects. PIDC is proud to have two of its clients be part of the community development tours, Spectrum Health Services, Inc., and Asociación Puertorriqueños en Marcha (Association of Puerto Ricans on the March). Register for a tour today!

Financing Federally Qualified Health Centers

Wednesday, October 16, 2:15pm-5:30pm

Visit a federally qualified health center (FQHC) in West Philadelphia that received financing from five local and national CDFIs (Boston Community Capital, Capital Link, Nonprofit Finance Fund, Partners for the Common Good, and PIDC).  Spectrum Health Services has provided healthcare services for Philadelphia families for generations and just recently completed a new 36,000 square foot primary care health facility which will allow it to double the number of patient visits, hire additional staff, and triple its revenue.  Hear from some of the CDFIs that participated in the financing and from Spectrum’s leadership team about the impact the financing is helping to create.

Energy Efficiency Financing in Action

Thursday, October 17, 2:15pm-5:30pm

Visit an energy-efficient, transit-oriented development project located in close proximity to Philadelphia’s main North-South transit line and just blocks from Temple University, a North Philadelphia anchor institution.  A local Latino community and economic development organization, the Asociación Puertorriqueños en Marcha (APM), partnered with New York-based developer Jonathan Rose Companies to develop Paseo Verde, a $47 million project creating 120 affordable and market-rate housing units, as well as 30,000 square feet of retail, community services, and commercial office space.  The buildings were financed by EnergyWorks—a loan fund jointly administered by two CDFIs, PIDC and The Reinvestment Fund—and are designed with sunshades, green roofs, photovoltaic solar panels, and stormwater management features. This energy-efficient TOD project allows families and individuals to move into a healthy, sustainable, and high-quality living environment.

In 2011, PIDC became a community development financial institution (CDFI) to expand and enhance its ability to foster investment in disadvantaged neighborhoods and advance economic development for the people, businesses, and communities of Philadelphia.

For more information on how PIDC can assist your neighborhood development project,  please contact Chamor Hollinger at 215-496-8157 or  chollinger@pidc-pa.org .

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