RCIF visits Mercado la Paloma in Los Angeles CA
Sr. Corinne receives major award from Opportunity Finance Network
Sr. Corinne Florek, OP, RCIF Executive Director, received the Ned Gramlich Lifetime Achievement Award from Opportunity Finance Network (OFN) in recognition of her long-time dedication to community investment.
The award was presented during a November 4 luncheon, held during the 2010 Opportunity Finance Network Conference at the Hyatt Regency in San Francisco. It was named in memory Ned Gramlich, who had served as a member of the Federal Reserve Board and as a board member of OFN.
You can also see this video on the OFN website
Sr. Corinne Keynote Address at Credit Union Gathering
Watch the video of Sr. Corinne Florek’s keynote remarks to the National Federation of Community Development Credit Unions’ 37th Annual Conference on Serving the Underserved:
New Hampshire speech 2013
CATHOLIC SISTERS USE THEIR INVESTMENTS TO EMPOWER UNDERSERVED COMMUNITIES
On a site visit to the New Hampshire Community Loan Fund in the Spring of 2013, Sr. Corinne Florek, OP, was invited to speak to the Community Loan Fund staff about the history of the sisters’ involvement in community investing.
In Part 1 Sr. Corinne tells both her personal experiences and the story of why and how the sisters became involved in loaning their money to empower low-income communities.
Chuck Matthei, whom Sister refers to in her talk, served as Executive Director of the Institute for Community Economics (ICE) from 1980-90. ICE pioneered the modern community land trust and community loan fund models. With colleagues Chuck guided the development of 25 regional loan funds. ICE’s own revolving loan fund has been providing financing since its creation in 1979, and has loaned $44 million, representing more than 445 loans to community organizations in 30 states and facilitating the development of more than 4,500 housing units.
The New Hampshire Community Loan Fund was founded in 1983 in Concord to serve as a catalyst, leveraging financial, human and civic resources to enable traditionally underserved people to participate more fully in New Hampshire’s economy. Since inception, the Community Loan Fund has created or preserved 6,845 units of affordable housing, 3,810 child care and early education spaces; and 2,269 jobs.
In Part 2 Sr. Corinne continues to discuss the sisters’ commitment to fulfilling their mission of empowering the poor through investing in community development loan funds. Sister stresses the core values of what is best in a community loan fund and the importance of commitment to mission, innovation and communication in developing a partnership between the sisters and their borrowers.