* Access to training
* Direct project related technical assistance
* Assistance to funding partners in implementing specialized or targeted community development programs and projects
* Access to influence, change and create statewide community development policy
* This report will summarize the accomplishments by CCEDA for 2007 and will detail the proposed activities for 2008.

1. California Community Reinvestment Initiative (CCRI, CCEDA’s Training and Technical Assistance program)
2. Boutique Training and Technical Assistance (Special Community Development Programs)
3. Wachovia Community Development Internship
4. Policy Initiative

1. Federal Reserve Bank of San Francisco, Office of the Comptroller of Currency, Office of Thrift Supervision and Federal Deposit Insurance Corporation: CCEDA’s California Community Revitalization Initiative (CCRI) was a direct result of the partnership with these four key financial institution regulators.
   
2. Wells Fargo: In addition to the bank providing organizational support, CCEDA continued it partnership with Wells Fargo to provide program marketing, proposal review assistance and participates on the selection committee for the “Building Capacity to Deliver Technical Assistance to Small Businesses” program. The current two year $1.7 million commitment ($850,000 per year) is in its8th year and provides grants to California non-profit organizations that provide business technical assistance to small businesses. In 2006, 91 organizations responded to the request for proposals and 17 grants were made to organizations ($50,000 each). CCEDA has been involved with this innovative and unique program since its inception. This initiative was driven by the California Reinvestment Committee.
   
3. Wachovia Community Development Internship Program: This program is designed to help mitigate the human capital shortage of community development professionals by attracting graduate level students to participate in a structured internship program conducted by CCEDA’s professional staff. Interns can work up to 20 hours per week in the specific areas of community development: policy, development finance or neighborhood revitalization. Interns will also work as a team on two statewide CCEDA community development projects (revision of the community development dictionary or to conduct the first statewide community development census). Wachovia also supports CCEDA’s overall organizational efforts.
   
4. Washington Mutual: In addition to providing organizational support, Washington Mutual provided a second year of funding to support CCEDA’s Policy Initiative. Ongoing “roundtable” discussions targeting key statewide community development issues, concerns and programs are discussed with a goal of raising discussion and awareness resulting in policy related initiatives.
   
5. Citibank: CCEDA completed the year (2007) with day long training sessions in Fresno and Reno and initiated its comprehensive direct technical assistance program through individual meetings with organizations throughout the state(s).
   
6. Union Bank Cornerstone Award: CCEDA completed the initial year of Union Bank’s successful award program. Union Bank provides annual core operating support to three organizations over a three year period while CCEDA provides annual assessments and direct technical assistance to the participants.
   
7. Bank of America: The Bank was a primary sponsor for CCEDA’s work in the Central Valley of California by supporting four sessions which provided training and more importantly, the focus group sessions resulting in CCEDA readjusting its programs to better meet the direct technical assistance needs of community development organizations.
   
8. Comerica: CCEDA partners with Comerica for a similar program designed to support small businesses by providing funding to non-profit business technical assistance providers in California. In 2007, Comerica made $50,000 grants to 6 organizations in California. CCEDA assists in marketing the program, reviewing proposals and participates in the selection of the awardees.
   
9. California Nevada Community Action Partnership: CCEDA provided community economic development training and technical assistance for the membership of the California Nevada Community Action Partnership. Direct technical assistance has shown to be a very important step in growing opportunities for community action agencies; enabling them to provide more comprehensive programs and services to the people they serve. CCEDA closed out the year conducting four training sessions and over 8 days of direct technical assistance to 4 organizations (participants of the training sessions).
   
10. Office of Community Services Technical Assistance: CCEDA was asked to join a team that secured a contract with the Office of Community Services (Federal) to provide technical assistance to grantees of three separate federal community development programs. CCEDA will provide services to west coast organizations that have received grants for community development projects. CCEDA will also encourage and assist community development organizations access to one of the few Federal programs that provides grants to community development projects. The contract was awarded in 2007 with services to commence in 2008.
    
11. Third Party Project Analysis and Review: For the third year, CCEDA served as a 3rd party project review analyst on Federal grants awarded to its member non-profit community development organizations. CCEDA reviewed projects from three members’ projects which include expansion of the local furniture manufacturing businesses, welfare to work program and expansion of a business creation and financing program. CCEDA analyzes the contract specifications (projected outcomes) against actual project achievements.

1. Creation of an Office of Economic Development within Housing and Community that was accomplished administratively
2. Recapitalize Community Development Corporations in order to maintain steady operating funds which died at first reading
3. Create a tax credit for donors who contribute to neighborhood groups which failed to find an author
4. Ongoing support with statewide partners and coalitions to develop legislation that limits the ability of predatory lenders (including check cashing services) that prey on the financially vulnerable which continues
5. Ongoing strategic partnerships with statewide coalitions to develop policy, legislation and programs focused on the exploding foreclosures in our communities
6. Continue work on Senate Bill 107- the Healthy Food Access Act; promoting increased investment toward the provision of retail destinations and job creation in California through supermarket and grocery store development held in committee
7. Continue support the outcomes of Assembly Bill 2831- the Insurance data call and
8. Statewide action plan to revitalize urban neighborhoods through investment & development which is still alive
9. State Economic Development Strategy- improves state economic development planning by addressing issues related to the attraction of private investment and
10. Technical changes in defining "economic development" in State Statute signed by the Governor.

1. Initial Project Parameters: This session requires a face to face meeting with the key principles involved in the program or project. The CCEDA technical assistance team will minimally include the CCEDA Community Development Services Director and the CCEDA Director of Training and Technical Assistance. Other CCEDA expertise will be invited based on need. Initiation of this service requires a written request outlining the parameters of the project and the key individuals that are part of the project team along with key funders and local government. CCEDA assists in organizing the meetings and stresses having the key partners as part of the process. These are the partners that will increase the likelihood of success. The outcome of the meeting will be a clear understanding of the parameters of the project concept, agreement to the roles and responsibilities, and agreement to proceed on the next development steps (includes assignments with timetables). Individuals will be identified that will be part of the project/program development team. The primary steps, activities and agreements will result in the development of a concept paper (next item).
   
   
2. Concept Development: CCEDA will organize the project team, collect data and write the concept paper. The concept paper will summarize the project goals, development concept, location and key members of the project team. It will also summarize the development costs and will lay out a basic finance pro forma. The outcome will be the production of a concept paper that will be used to solicit public private support and pre development financing. (In the case of most affordable housing projects the concept paper will be the initial development budget and project pro forma).
   
   
3. Preliminary Feasibility: In this step CCEDA will structure the project financing which includes applications for, and negotiations with, debt and equity providers (and finance gap resources). CCEDA will assist in site selection and negotiations for site control. CCEDA will also assist in seeking predevelopment financing.
   Outcomes include:
      • Preliminary financing commitments
      • Site control
      • Predevelopment financing
      • Project budget and pro forma
   
   
4. Pre Development: The predevelopment phase requires initiation of third party reports required by lenders and related development parties. The actual costs for the services will be paid through pre-development loans, grants or borrower equity (loans will be re-paid from project development expenses at the close of financing). CCEDA staff will assist in locating and contracting with the third party providers and review of the materials before being forwarded to the parties requesting the information. Lender due-diligence activities and exhibits will be a CCEDA responsibility as well as coordination of legal services and review of all documentation.
   
   Depending on the project, CCEDA will be involved in pre-leasing arrangements for tenants (office, retail or community facility). In the case of a housing project, CCEDA will assist in the lease-up and marketing plan. The CCEDA costs for pre-development will covered by CCRI, although if the project proceeds and financing is closed, CCEDA’s fees will be paid out of the projects budget. This will reimburse CCRI and allow CCRI to provide direct technical assistance to new projects.
   
   Outcomes include:
      • Soils
      • Environmental
      • Architectural renderings
      • Market studies
      • Project cost analysis
      • Appraisals
      • Final financing agreements
      • Draft loan, partnership and financing agreements
   
   
5. Closing: CCEDA staff will assist in insuring the closing of all financing, payment of all fees and acquisition of the site. CCEDA will manage the closing process and will assist in insuring the developer is clear on the next steps (construction, rehabilitation, marketing, lease-up and management).
   
   CCEDA will provide ongoing project assistance to the organization. Many issues occur during the construction and rehabilitation phase that rewires negotiations with the contractor, or lenders. Meeting development time frames are of utmost importance as they directly relate to the project meeting its budget.
   
   The CCEDA costs for closing will be covered by CCRI, although if the project financing is closed, CCEDA’s fees will be paid out of the projects budget. This will reimburse CCRI and allow CCRI to provide direct technical assistance to new projects. Ongoing expenses (after the project closes), will be a CCRI expense.
   
   Outcomes include:
      • Closing of finance
      • Site acquisition
      • Construction/rehabilitation start up
      • Ongoing project management