Investments

Bank Of America Investment by Alan Fein

This blog talks about the indian mutual fund schemes, NFOs and analysis of various mutual funds and mutual fund investment strategy.

Investment Opportunity Finally, a mutual fund that does something with your money. This time they helped fund an 86-unit assisted care residence for seniors in a South Chicago neighborhood.

Up the ladder are corporate bonds...then the stock market...and some of the most popular investments these days...Mutual Funds.

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Investment Solution Strategic March 18, 2005 (AXcess News) Chicago - Finally, a mutual fund that does something with your money. This time they helped fund an 86-unit assisted care residence for seniors in a South Chicago neighborhood.

(Put graphic of the investment buckets here) The best way to invest for average people is in Mutual Funds. A mutual fund is a collection of individual stocks purchased by a major company and managed by professionals. You give them a small amount of money, they add it to that of thousands of other investors and they watch over it for you. You'd have to have lived in a cave for the past 5 years not to have heard at least something about Mutual Funds.

Investment Banking Services Bank Leumi USA helped to provide funding for the project through its investment in the CRA Qualified Investment Fund (CRAIX), a community investment mutual fund. The Fund allocated Bank Leumi USA's investment toward the purchase of a City of Chicago revenue bond issued to aid in the acquisition, construction, and equipping of the facility.

Bank Investment The $16 million project was developed by the Greater Southwest Development Corporation, a non-profit organization established in 1974 to advance commercial, residential, and industrial growth in south Chicago. "The Churchview Supportive Living Facility will function as an affordable residential alternative for area seniors who wish to live independently but need some assistance to do so," said Jim Capraro, the group's executive director. "We're grateful for institutions like Bank Leumi USA and the CRA Qualified Investment Fund - organizations that have recognized the need for and the return from economic development in low- and moderate-income neighborhoods."

Alternative Investment CRA Qualified Investment Fund's purchase of this bond on our behalf continues Bank Leumi USA's longstanding tradition of social awareness. We're particularly proud of the center's potential to improve the lives of Chicago Lawn seniors while boosting the community as a whole," said Mr. Uzi Rozen, CEO of Bank Leumi USA.

Online Investment Services Each of the facility's 86 units are occupied by Medicaid-eligible tenants, and at least 40% of the units must be occupied by residents earning no more than 60% of the area's median income as adjusted for family size.AdvertisementAXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking business news. If you're not a member, consider joining now.

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