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FOR IMMEDIATE RELEASE
July 27, 2005
Contact: Dean DeBuck
Community Developments Investments On-Line Newsletter Spotlights “Double Bottom Line” Investments
WASHINGTON – Financial intermediaries that seek both an economic return as well as "social return" through the funding of community and economic development activities are the focus of the summer 2005 on-line edition of Community Developments Investments newsletter.
"The expertise of financial intermediaries allow a bank to finance community and economic development projects while at the same time diversifying its risk," said Acting Comptroller of the Currency Julie L. Williams.
This edition of Community Developments Investments describes two funds that serve as intermediaries through which banks and other investors can finance affordable housing, economic development initiatives, and small businesses.
In addition, this issue highlights community development investment opportunities across the nation identified by OCC's District Community Affairs Officers. The on-line newsletter can be accessed quickly by selecting "Community Affairs" on the OCC Internet home page, http://www.occ.gov, and choosing "Publications and Resource Materials."
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