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CAMBRIDGE, Mass., Jan. 27, 2021 /PRNewswire/ The Lincoln Institute of Land Policy today launched an initiative to mobilize investment in low-income communities, especially those that have been excluded from access to mainstream financial and wealth-building resources.
Image: Customers at food trucks in Atlanta, Georgia. Representatives from Georgia, including InvestAtlanta and the Georgia Housing Finance Authority, and 13 other states are participating in the Lincoln Institute s new Accelerating Community Investment Initiative. Credit: BluIz60/iStock Editorial via Getty Images Plus.
The initiative, Accelerating Community Investment (ACI), seeks to create a more fertile environment for philanthropies and other mission-aligned investors to deepen investment in community and economic development, housing, and other areas that benefit society. The initiative will bring public finance officials, impact investors, financial institutions, and comm
FirstPark in Oakland pays off bond debt, looks to future
The 285-acre commerce and technology center s 24 member communities are looking to boost tax revenues and sell more lots.
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Entrance to FirstPark on Kennedy Memorial Drive in Oakland on Friday. Michael G. Seamans/Morning Sentinel
OAKLAND FirstPark has paid off its bond debt. Now, the commerce and technology center off Kennedy Memorial Drive in Oakland is working to deliver greater return on its member communities’ investments in the park by boosting tax revenues and selling more lots at the 285-acre campus.
Last week, the business park made its final bond payment to the Maine Municipal Bond Bank, wrapping up the 20-year loan the park and its 24 municipal members signed with the intention of gaining a source of tax revenue.