Boston Community Capital launches a $100K public-interest law fellowship
Boston Business Journal - 11/04/2013
Boston Community Capital has launched a $100,000 one-year fellowship for a recent law school graduate to work for the nonprofit organization doing public interest law work.
The first fellow is Emily Rochon, a 2013 graduate of Northeastern University School of Law. At Boston Community Capital, Rochon is working on state and federal public policy issues related to clean energy and she is helping the organization develop a solar and energy business focused on low-income communities.
“I want someone to understand that they can engage in public interest work and do a fellowship that doesn’t commit them to an extended period of time but gives them experience. And leaves open the possibility of a longer term relationship,” said Elyse Cherry, chief executive officer of Boston Community Capital.
The nonprofit is based in Boston and functions more like a complex financial institutions, much of its work in buying foreclosed properties from banks and reselling them to the original owners with smaller mortgages that carry principal payments owners can afford. Boston Community Capital has invested about $900 million in underserved communities, according to the organization’s website.
The organization also operates the Boston Community Loan Fund, which lends money to community projects; the Boston Community Venture Fund, which makes equity investments in businesses that create jobs; and a sustainability initiative that focuses on renewable energy and new-market tax credits.
Cherry said the fellowship will continue after this year, though she is unsure whether it will be awarded annually. A graduate of Northeastern University School of Law and a practicing attorney, Cherry said it made sense to center the first fellowship at Northeastern, which has a focus on public-interest law.