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.

Read the article at Boston Business Journal →