The Community Development Financial Institutions Fund
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Democratizing Finance
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Author : Clifford N. Rosenthal
language : en
Publisher: FriesenPress
Release Date : 2018
Democratizing Finance written by Clifford N. Rosenthal and has been published by FriesenPress this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with History categories.
Decades before Occupy Wall Street challenged the American financial system, activists began organizing alternatives to provide capital to “unbankable” communities and the poor. With roots in the civil rights, anti-poverty, and other progressive movements, they brought little training in finance. They formed nonprofit loan funds, credit unions, and even a new bank—organizations that by 1992 became known as “community development financial institutions,” or CDFIs. By melding their vision with that of President Clinton, CDFIs grew from church basements and kitchen tables to number more than 1,000 institutions with billions of dollars of capital. They have helped transform community development by providing credit and financial services across the United States, from inner cities to Native American reservations. Democratizing Finance traces the roots of community development finance over two centuries, a history that runs from Benjamin Franklin, through an ill-starred bank for African American veterans of the Civil War, the birth of the credit union movement, and the War on Poverty. Drawn from hundreds of interviews with CDFI leaders, presidential archives, and congressional testimony, Democratizing Finance provides an insider view of an extraordinary public policy success. Democratizing Finance is a unique resource for practitioners, policymakers, researchers, and social investors.
The Community Development Financial Institutions Fund
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Author : Andre L. Wright
language : en
Publisher: Nova Science Publishers
Release Date : 2013
The Community Development Financial Institutions Fund written by Andre L. Wright and has been published by Nova Science Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Federal aid to community development categories.
As communities face a variety of economic challenges, some are looking to local banks and financial institutions for solutions that address the specific development needs of low-income and distressed communities. Community development financial institutions (CDFIs) provide financial products and services, such as mortgage financing for homebuyers and not-for-profit developers, underwriting and risk capital for community facilities; technical assistance; and commercial loans and investments to small, start-up, or expanding businesses. CDFIs include regulated institutions, such as community development banks and credit unions, and non-regulated institutions, such as loan and venture capital funds. This book describes the Fund's history, current appropriations, and each of its programmes.
Community Development Financial Institutions Cdfi Fund Programs And Policy Issues
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Author : Sean Lowry
language : en
Publisher: Createspace Independent Pub
Release Date : 2012-10-20
Community Development Financial Institutions Cdfi Fund Programs And Policy Issues written by Sean Lowry and has been published by Createspace Independent Pub this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-10-20 with Business & Economics categories.
As communities face a variety of economic challenges, some are looking to local banks and financial institutions for solutions that address the specific development needs of low-income and distressed communities. Community development financial institutions (CDFIs) provide financial products and services, such as mortgage financing for homebuyers and not-for-profit developers, underwriting and risk capital for community facilities; technical assistance; and commercial loans and investments to small, start-up, or expanding businesses. CDFIs include regulated institutions, such as community development banks and credit unions, and non-regulated institutions, such as loan and venture capital funds. The Community Development Financial Institutions Fund (the Fund), an agency within the Department of the Treasury, administers several programs that encourage the role of CDFIs, and similar organizations, in community development. Nearly 1,000 financial institutions located throughout all 50 states are eligible for the Fund's programs to provide financial and technical assistance to meet the needs of businesses, homebuyers, community developers, and investors in distressed communities. In addition, the Fund allocates the New Markets Tax Credit to more than 5,000 eligible investment vehicles in low-income communities (LICs). This report begins by describing the Fund's history, current appropriations, and each of its programs. A description of the Fund's process of certifying certain financial institutions to be eligible for the Fund's program awards follows. The next section provides an overview of each program's purpose, use of award proceeds, eligibility criteria, and relevant issues for Congress. The final section analyzes four policy considerations of congressional interest, regarding the Fund and the effective use of federal resources to promote economic development. First, it analyzes the debate on targeting development assistance toward particular geographic areas or low-income individuals generally. Prior research indicates that geographically targeted assistance, like the Fund's programs, may increase economic activity in the targeted place or area. However, this increase may be due to a shift in activity from an area not eligible for assistance. Second, it analyzes the debate over targeting economic development policies toward labor or capital. The Fund's programs primarily rely on the latter, such as encouraging lending to small businesses, rather than targeting labor, such as wage subsidies. Research indicates the benefits of policies that reduce capital costs in a targeted place may not be passed on to local laborers, in the form of higher wages or increased employment. Third, it examines whether the Fund plays a unique role in promoting economic development, or if it duplicates, compliments, or competes with the goals and activities of other federal, state, and local programs. Although CDFIs are eligible for other federal assistance programs and other agencies have a similar mission as the Fund, the Fund's programs have a particular emphasis on encouraging private investment and building the capacity of private financial entities to enhance local economic development Fourth, it examines assessments of the Fund's management. Some argue that the Fund's programs are not managed in an effective manner and are not held to appropriate performance measures. Others argue that the Fund is fulfilling its mission and achieving its performance measures.
Community Development Financial Institutions Cdfi Fund
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Author :
language : en
Publisher:
Release Date : 2015
Community Development Financial Institutions Cdfi Fund written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Community development categories.
Community Development Financial Institutions Cdfi Fund
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Author : Congressional Research Service
language : en
Publisher: CreateSpace
Release Date : 2015-02-05
Community Development Financial Institutions Cdfi Fund written by Congressional Research Service and has been published by CreateSpace this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-05 with Political Science categories.
As communities face a variety of economic challenges, some are looking to local banks and financial institutions for solutions that address the specific development needs of low-income and distressed communities. Community development financial institutions (CDFIs) provide financial products and services, such as mortgage financing for homebuyers and not-for-profit developers; underwriting and risk capital for community facilities; technical assistance; and commercial loans and investments to small, start-up, or expanding businesses. CDFIs include regulated institutions, such as community development banks and credit unions, and nonregulated institutions, such as loan and venture capital funds. The Community Development Financial Institutions Fund (CDFI Fund), an agency within the Department of the Treasury, administers several programs that encourage the role of CDFIs and similar organizations in community development. Nearly 1,000 financial institutions located throughout all 50 states and the District of Columbia are eligible for the CDFI Fund's programs to provide financial and technical assistance to meet the needs of businesses, homebuyers, community developers, and investors in distressed communities. In addition, the fund allocates the New Markets Tax Credit to more than 5,000 eligible investment vehicles in low-income communities (LICs). This report begins by describing the CDFI Fund's history, current appropriations, and each of its programs. A description of the fund's process of certifying certain financial institutions to be eligible for the fund's program awards follows. The next section provides an overview of each program's purpose, use of award proceeds, eligibility criteria, and relevant issues for Congress. The final section analyzes four policy considerations of congressional interest regarding the fund and the effective use of federal resources to promote economic development. First, it analyzes the debate on targeting development assistance toward particular geographic areas or low-income individuals generally. Prior research indicates that geographically targeted assistance, like the fund's programs, may increase economic activity in the targeted place or area. However, this increase may be due to a shift in activity from an area not eligible for assistance. Second, it analyzes the debate over targeting economic development policies toward labor or capital. The fund's programs primarily rely on the latter, such as encouraging lending to small businesses rather than targeting labor, such as wage subsidies. Research indicates the benefits of policies that reduce capital costs in a targeted place may not be passed on to local laborers in the form of higher wages or increased employment. Third, it examines whether the fund plays a unique role in promoting economic development and if it duplicates, complements, or competes with the goals and activities of other federal, state, and local programs. Although CDFIs are eligible for other federal assistance programs and other agencies have a similar mission as the fund, the fund's programs have a particular emphasis on encouraging private investment and building the capacity of private financial entities to enhance local economic development
Community Development Financial Institutions Program Us Community Development Financial Institutions Fund Regulation Cdfi 2018 Edition
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Author : The Law The Law Library
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2018-06-10
Community Development Financial Institutions Program Us Community Development Financial Institutions Fund Regulation Cdfi 2018 Edition written by The Law The Law Library and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-10 with categories.
Community Development Financial Institutions Program (US Community Development Financial Institutions Fund Regulation) (CDFI) (2018 Edition) The Law Library presents the complete text of the Community Development Financial Institutions Program (US Community Development Financial Institutions Fund Regulation) (CDFI) (2018 Edition). Updated as of May 29, 2018 The Department of the Treasury is issuing an interim rule implementing the Community Development Financial Institutions Program (CDFI Program), administered by the Community Development Financial Institutions Fund (CDFI Fund). This interim rule includes revisions necessary to implement the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards published by the Department of the Treasury on December 19, 2014, as well as to make technical corrections and other updates to the current rule. This book contains: - The complete text of the Community Development Financial Institutions Program (US Community Development Financial Institutions Fund Regulation) (CDFI) (2018 Edition) - A table of contents with the page number of each section
Community Development Microform
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Author : Judy A. England-Joseph
language : en
Publisher:
Release Date : 1950
Community Development Microform written by Judy A. England-Joseph and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1950 with Community development categories.
Review Of Management Practices At The Treasury Department S Community Development Financial Institutions Fund
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Author :
language : en
Publisher:
Release Date : 1998
Review Of Management Practices At The Treasury Department S Community Development Financial Institutions Fund written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.
Community Development Financial Institutions Cdfis
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Author : United States. Congress. House. Committee on Financial Services
language : en
Publisher:
Release Date : 2010
Community Development Financial Institutions Cdfis written by United States. Congress. House. Committee on Financial Services and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
Community Development
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Author : United States Accounting Office (GAO)
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2018-06-11
Community Development written by United States Accounting Office (GAO) and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-11 with categories.
Community Development: Early Results of the Community Development Financial Institutions Fund's Programs