California’s Best-Kept Secret for Community Reinvestment
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Thursday, September 8, 2016
Learn about the 20 year old program in California called the California Organized Investment Network, or COIN. Through its various programs, COIN encourages and tracks insurance company reinvestment into low- and moderate-income areas of California.
Despite celebrating its 20th anniversary in August, COIN has never been permanent. Every few years, the state legislature has to reauthorize it, and the latest COIN reauthorization bill, passed last month, leaves out or severely limits key provisions of the program. Advocates will have to re-start the battle next year in order to restore COIN to its current capacity.