Symposium to Review New Tools for Financing Affordable Housing for Low- and Moderate-Income Communities; Mary Kaiser, President of California Community Reinvestment Corporation, to be Honored for Leadership in Providing Affordable Housing in California.

WASHINGTON -- A symposium on Important New Pathways for Financing Community and Economic Development, sponsored by the National Association of Affordable Housing Lenders (NAAHL), from 8:30 a.m. to 11:30 a.m. on Monday October 10 in San Francisco, will focus on new tools for financing affordable housing and community development in low- and moderate-income communities. NAAHL represents America's leaders in moving private capital to those in need. The symposium will be held at Bank of America, 555 California Street, San Francisco, in the Board Room, on the 51st Floor. (Members of the media are invited to attend, but the symposium is not open to the public.***)

At a luncheon following the symposium sponsored by the Center for Community Lending (CCL), the 501(c)(3) established by the non-profit members of NAAHL, Mary Kaiser, President of the California Community Reinvestment Corporation (CCRC), Glendale, CA, will be honored for her enormous contributions to affordable housing in California, and to sustaining the work of both CCL and NAAHL. A nonprofit multi-bank lending consortium founded in 1989 to respond to the statewide shortage of affordable housing, CCRC has provided over $200 million to developers of housing servicing low-income families and seniors throughout California. The luncheon will be held from noon to 1:30 p.m. at Bank of America, 555 California Street, San Francisco, in the Carnelian Room on the 52nd Floor. (Members of the media are invited to attend, but the luncheon is not open to the public.***)

The symposium will highlight the very best practices in using New Markets' Tax Credits and securitizing CDBG loans to increase financing for real estate and business expansion.

Participants include:

--Joe Flatley, Massachusetts Housing Investment Corporation

--Greg Melanson, Bank of America

--Mary Tingerthal, Community Reinvestment Fund

***Members of the media interested in attending the symposium and/or luncheon should RSVP by contacting Ross Kleinman, NAAHL, at 202-293-9856.

The National Association of Affordable Housing Lenders (NAAHL) represents America's leaders in moving private capital to those in need. NAAHL encompasses 200 organizations committed to increasing private lending and investing in low- and moderate-income communities. Members are the "who's who" of private sector lenders and investors in affordable housing and community economic development, including 50 insured depository institutions and 50 of the blue-chip non-profit lenders, as well as insurance companies, community development corporations, mortgage companies, loan consortia, financial intermediaries, pension funds, foundations, and local and national nonprofits.