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Community Development Financial Institution (CDFF) Fund: Programs and Policy Issues
Community Development Financial Institution (CDFF) Fund: Programs and Policy Issues
 
Our Price: $20.00
By Sean Lowry (au)
Year: 2012
Pages: 32
Binding Paperback
ISBN 978-1-4578-4033-3

Product Code: 1457840332

Description
 
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 (CDFI) Fund , an agency within the Treasury Dept., 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 Funds 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). Contents of this report: Introduction; CDFI and CDE Certification; Programs; Policy Considerations. Figures and tables. This is a print on demand report.

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