Coastal Enterprises - Partnerships

CEI has a long and successful history of forming partnerships with other organizations and businesses which allow us to design and carry out complex housing projects. Our regular partners include the U.S. Department of Housing and Urban Development, USDA Rural Development, MaineHousing, Fannie Mae, Federal Home Loan Bank of Boston, Local Initiatives Support Corporation, Ford Foundation, Heron Foundation, and Calvert Social Investment Foundation, along with many others. CEI housing developers have the experience and expertise necessary to align multiple interests into synergistic and successful partnerships.

CEI IN THE NEWS!

CEI partners in the “Cod Academy”. CEI is helping to organize a free cod farming course for large boat fishermen from Maine’s two easternmost coastal counties, Hancock and Washington. Read more here.

CEI Investment Notes are a way for you to invest in your community, to help others, and to reap social, environmental and economic benefits. Details here.

U.S. Finance Expert Encourages Banking Investment in Maine Communities
At CEI's 32nd Annual Meeting, Ellen Seidman, Exec. VP of ShoreBank in Chicago, and Sr. Research Fellow with the New America Foundation in Washington, DC, urged Maine bankers and community activists to consider “greater community investment…meeting the actual needs of the community, not just counting dollars invested.” See full speech.

See annual meeting remarks by Ron Phillips, CEO, on triple bottom line investing and the next 5 years for CEI.

See the 12/14/09 article on CEI and the state of investing in communities. It’s where mission happens…

CEI Receives $125 Million in NMTC Through its subsidiary, CEI Capital Management LLC, CEI will use the allocation to attract private capital investments for primarily rural economic development projects. See press release.

CEI Receives Investment Funds
In partnership with Manufacturers Association of Maine, CEI will receive $765,000 over from the Federal Department of Health and Human Services, Office of Community Services (OCS), to finance several job-generating small-to-medium enterprises. This funding will create 78 full-time, year-round jobs. Read press release here.

Bangor Savings Bank and CEI offer low-interest loans to small and medium-sized enterprises in disadvantaged areas in Maine. Read more here.

SHALOM HOUSE - Caring and Living within a Community

Robert Lambert's journey toward recovery began with a walk around the block. Like other residents of a Shalom House group home in Portland, Robert was able to work on recovering from his psychiatric disorder because he had housing and support.

During his walks, Robert gradually began to feel more comfortable. Slowly he expanded his activities within the Shalom House family and the larger community. Today, with the help of the Shalom House Peer Support Program, Robert spends his time writing, swimming, lifting weights, hiking, shopping, and dining in the area, as well as attending county fairs, parties, and even high school reunions. Having a safe, comfortable place to live was crucial to Robert's recovery.

In partnership with the Maine State Housing Authority and the Genesis Fund, the Maine Community Reinvestment Corporation (MCRC), a bank consortium managed by CEI, helped Shalom House, Inc. to finance the renovation of a third group home in Portland, providing a stable home and access to mental health services for seven people with mental disabilities.