This paper describes how the principal funders of the CCDE
and its management team ("we" in the text that follows), which included the authors of this paper, designed an intervention that both (1) was faithful to models of consumer direction proposed by disability activists, and (2) could be "operationalized" in light of state and federal laws and political considerations.
In 2001, the CCDE
provided a financing package, which included a $6 million letter of credit and a $400,000 construction loan to support the purchase and rehabilitation of a 34-unit HUD Section 8 affordable apartment building for seniors in a San Francisco neighborhood.
So survey findings can be interpreted in context, we will first provide a little background information on the CCDE
as well as information about existing personal care programs.
Although the demonstration needs to address these concerns, procedures to minimize fraud and abuse must maintain the consumer-empowerment principles being tested in the CCDE
The data for this paper were collected as part of a larger qualitative study of the Arkansas, Florida, and New Jersey CCDE
Programs (Eckert, San Antonio, and Siegel 2001; San Antonio et al.
Early in the CCDE
development, program planners realized that key
offers nonprofit and for-profit developers and businesses innovative and comprehensive financing packages for their projects in low- and moderate-income areas.
We are pleased to strengthen our commitment to serving low- and moderate-income communities by providing SRO with this financing," said Steve Hall, CCDE
Director of Community Lending in California.
is a business unit that harnesses the resources and skills of Citibank, CitiMortgage, Salomon Smith Barney, Travelers and the Citigroup Foundation to help satisfy broad lending and investing needs.
Promoting sustainable economic development in underserved inner cities results in economically vibrant and stable neighborhoods," said Mary Cosgrove, Citigroup CCDE
Director of Community Development Finance for the NYC metropolitan area.
We are pleased to provide this credit enhancement to Woodland Place which, under Belmont's excellent management, will provide many senior citizens with a fine place to live," said Joseph Eicheldinger, Citigroup CCDE
Director of Community Development Lending for Upstate New York.
Those involved in community development in Connecticut who would like to explore how Citigroup's CCDE
could assist them with their financing needs should contact: Geoffrey H.