INITIAL INVESTMENT ROADMAP How to Invest and Spend? What to Invest In and Spend On?

Recommendation #1 on How to Invest and Spend: 1.Place most of the money in an endowment use earnings to fund expenses and projects use rest of funds for direct investments and spending to meet current needs

Recommendation #2 on How to Invest and Spend: 2.Decide percent (%) of money for endowment and percent (%) for direct investment and spending after CAC knows how much money the SLF will receive and when

Recommendation #3 on How to Invest and Spend: 3.Set aside money for the operating expenses of the Quasi-Public Entity (QPE).

Recommendation #1 on What to Invest In and Spend On: COMMUNITY CAPACITIES 1.Immediately create high levels of Community Capacities to participate in land use planning and decision making (Opportunity Map) Provide resources to support community planning and development

OPPORTUNITY MAP

Recommendation #1 on What to Invest In and Spend On: COMMUNITY CAPACITIES Funding Fund from direct spending initially; later from endowment earnings Require matching funds Example: Dudley Street Neighborhood Initiative in Boston Community Planning and Land Control

Recommendation #2 on What to Invest In and Spend On: Signature Project 1.Identify and Invest in a Signature Economic Development Project “Double Bottom Line”- both a Financial and a Social Return on Investment. Decide if Community Parcels will be good location for the Signature Project and how to use the land.

Recommendation #2 on What to Invest In and Spend On: Signature Project Funding Based on timing and money needs, fund from endowment earnings or direct spending. Require leverage. Example: Market Creek Plaza Economic Engine

Recommendation #3 on What to Invest In and Spend On: Matched Spending Project 1.Fund Matched Spending Projects that have social returns, Require that SLF money is matched by other sources of funds. Fund Matched Spending Projects from direct funding initially and, later, from endowment earnings.

Recommendation #3 on What to Invest In and Spend On: Matched Spending Projects Funding Fund from direct spending initially; later from endowment earnings Example: Working Families Center Income and Asset Development