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| cdfi small business lending: The Community Development Financial Institutions Fund Andre L. Wright, 2013 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. |
| cdfi small business lending: The State Small Business Credit Initiative (SSBCI) Marcus Powell, 2013 The SSBCI provides funding to states, territories, and eligible municipalities to expand existing or to create new state small business investment programs, including state capital access programs, collateral support programs, loan participation programs, loan guarantee programs, and venture capital programs. This book examines the SSBCI and its implementation, including Treasury's response to initial program audits conducted by the U.S. Government Accountability Office and Treasury's Office of Inspector General. These audits suggested that SSBCI participants were generally complying with the statute's requirements, but that some compliance problems existed, in that, the Treasury's oversight of the program could be improved; and performance measures were needed to assess the program's efficacy. |
| cdfi small business lending: Capital Markets, CDFIs, and Organizational Credit Risk Charles Tansey, Michael Swack, Michael Tansey, 2010 Can Community Development Financial Institutions (CDFIs) get unlimited amounts of low cost, unsecured, short- and long-term funding from the capital markets based on their organizational credit risk? Can they get pricing, flexibility, and procedural parity with for-profit corporations of equivalent credit risk? One of the key objectives of this book is to explain the reasons why the answer to the two questions above remains no. The other two key objectives are to show the inner workings of what has been done to date to overcome the obstacles so that we don't have to retrace the same steps and recommend additional disciplines that position CDFIs to take advantage of the mechanisms of the capital markets once the markets stabilize. |
| cdfi small business lending: Democratizing Finance Clifford N. Rosenthal, 2018 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. |
| cdfi small business lending: The Small Business Advocate , 1995-05 |
| cdfi small business lending: Small Business Lending Fund Joshua A. Bell, Carl M. Richardson, 2012 This book examines the Small Business Lending Fund, with a focus on the supply and demand for small business loans. Congressional interest in small businesses reflects, in part, concerns about economic growth and unemployment. Small businesses, defined as having fewer than 500 employees, have played an important role in net employment growth during previous economic recoveries. However, recent data show that net employment growth at small businesses is not increasing at the same rate as in previous economic recoveries. Some have argued that current economic conditions make it imperative that the federal government provide additional resources to assist small businesses in acquiring capital necessary to start, continue, or expand operations and create jobs. Others worry about the long-term adverse economic effects of spending programs that increase the federal deficit. |
| cdfi small business lending: Race and Entrepreneurial Success Robert W. Fairlie, Alicia M. Robb, 2010-08-13 A comprehensive analysis of racial disparities and the determinants of entrepreneurial performance—in particular, why Asian-owned businesses on average perform relatively well and why black-owned businesses typically do not. Thirteen million people in the United States—roughly one in ten workers—own a business. And yet rates of business ownership among African Americans are much lower and have been so throughout the twentieth century. In addition, and perhaps more importantly, businesses owned by African Americans tend to have lower sales, fewer employees and smaller payrolls, lower profits, and higher closure rates. In contrast, Asian American-owned businesses tend to be more successful. In Race and Entrepreneurial Success, minority entrepreneurship authorities Robert Fairlie and Alicia Robb examine racial disparities in business performance. Drawing on the rarely used, restricted-access Characteristics of Business Owners (CBO) dataset compiled by the U.S. Census Bureau, Fairlie and Robb examine in particular why Asian-owned firms perform well in comparison to white-owned businesses and black-owned firms typically do not. They also explore the broader question of why some entrepreneurs are successful and others are not. After providing new comprehensive estimates of recent trends in minority business ownership and performance, the authors examine the importance of human capital, financial capital, and family business background in successful business ownership. They find that a high level of startup capital is the most important factor contributing to the success of Asian-owned businesses, and that the lack of startup money for black businesses (attributable to the fact that nearly half of all black families have less than $6,000 in total wealth) contributes to their relative lack of success. In addition, higher education levels among Asian business owners explain much of their success relative to both white- and African American-owned businesses. Finally, Fairlie and Robb find that black entrepreneurs have fewer opportunities than white entrepreneurs to acquire valuable pre-business work experience through working in family businesses. |
| cdfi small business lending: Riegle Community Development and Regulatory Improvement Act of 1994 United States, 1994 |
| cdfi small business lending: Members of the Federal Home Loan Bank System United States. Federal Home Loan Bank Board, 1984 |
| cdfi small business lending: Fintech, Small Business & the American Dream Karen G. Mills, 2019-03-12 Small businesses are the backbone of the U.S. economy. They are the biggest job creators and offer a path to the American Dream. But for many, it is difficult to get the capital they need to operate and succeed. In the Great Recession, access to capital for small businesses froze, and in the aftermath, many community banks shuttered their doors and other lenders that had weathered the storm turned to more profitable avenues. For years after the financial crisis, the outlook for many small businesses was bleak. But then a new dawn of financial technology, or “fintech,” emerged. Beginning in 2010, new fintech entrepreneurs recognized the gaps in the small business lending market and revolutionized the customer experience for small business owners. Instead of Xeroxing a pile of paperwork and waiting weeks for an answer, small businesses filled out applications online and heard back within hours, sometimes even minutes. Banks scrambled to catch up. Technology companies like Amazon, PayPal, and Square entered the market, and new possibilities for even more transformative products and services began to appear. In Fintech, Small Business & the American Dream, former U.S. Small Business Administrator and Senior Fellow at Harvard Business School, Karen G. Mills, focuses on the needs of small businesses for capital and how technology will transform the small business lending market. This is a market that has been plagued by frictions: it is hard for a lender to figure out which small businesses are creditworthy, and borrowers often don’t know how much money or what kind of loan they need. New streams of data have the power to illuminate the opaque nature of a small business’s finances, making it easier for them to weather bumpy cash flows and providing more transparency to potential lenders. Mills charts how fintech has changed and will continue to change small business lending, and how financial innovation and wise regulation can restore a path to the American Dream. An ambitious book grappling with the broad significance of small business to the economy, the historical role of credit markets, the dynamics of innovation cycles, and the policy implications for regulation, Fintech, Small Business & the American Dream is relevant to bankers, fintech investors, and regulators; in fact, to anyone who is interested in the future of small business in America. |
| cdfi small business lending: Initiatives to Promote Small Business Lending, Jobs, and Economic Growth United States. Congress. House. Committee on Financial Services, 2010 |
| cdfi small business lending: Community Development Financial Institutions (CDFI) Fund Sean Lowry, 2014 This report begins by describing the Community Development Financial Institutions Fund's history, current appropriations, and each of its programs. The next section analyzes four policy considerations of congressional interest regarding the Fund and the effective use of federal resources to promote economic development. Lastly, this report examines the Fund's programs and management to see if they represent an effective and efficient government effort to promote economic development in low-income and distressed communities. |
| cdfi small business lending: Economic Development Finance Karl F Seidman, 2005 Economic Development Finance provides a foundation for students and professionals in the technical aspects of business and real estate finance and surveys the full range of policies, program models, and financing tools used in economic development practice within the United States.--Jacket. |
| cdfi small business lending: Loan Portfolio Management , 1988 |
| cdfi small business lending: The State of Small Business Access to Capital and Credit United States. Congress. House. Committee on Small Business, 2011 |
| cdfi small business lending: Collaborative Capitalism in American Cities Rashmi Dyal-Chand, 2018-05-10 Develops a theory of collaborative capitalism that produces economic stability for businesses and workers in American urban cores. |
| cdfi small business lending: Access to Financial Services in Brazil Anjali Kumar, 2005 There is an increasing awareness that access to financial services can contribute to economic growth and poverty reduction. This study focuses on the delivery of financial services in Brazil, one of the world's most important emerging financial markets. It examines different aspects of financial service provision, and explores approaches to address problems of financial exclusion. Topics discussed include: microfinance schemes; private banking; rural finance systems; institutional infrastructure; and the role of government policy. |
| cdfi small business lending: A Great Moral and Social Force Tim Todd, 2022-01-03 This publication offers a historical consideration of Black banking in the United States by focusing on some of the key individuals, banks and communities. While it is in no way a comprehensive history, it does include background that is essential to understanding each financial institution, its time, the events that led to its creation and the community of which it was not only a vital part, but very often a leader. Much of this history frames the world we find today. |
| cdfi small business lending: Let Us Put Our Money Together Tim Todd, Esther L. George, 2019-05-31 Generally, books addressing the early history of African American banks have done so either within the larger construct of African American business history and economic development, or as a starting point to explore current issues related to financial services. Focused considerations of these early institutions and their founders have been relatively rare and somewhat scattered. This publication seeks to address this issue. |
| cdfi small business lending: SBA Disaster Loans United States. Small Business Administration. Office of Finance and Investment, 1989 |
| cdfi small business lending: Practitioner's Guide to Economic Development Finance Toby Rittner, 2021-08 The Practitioner's Guide to Economic Development Finance is the only comprehensive resource dedicated to building and utilizing the development finance toolbox. The Practitioner's Guide provides the insight and practical information needed to critically understand how economic development is financed and the tools, strategies, and techniques used to build strong communities. From bonds, tax increment finance, and special districts to tax credits, seed & venture capital, revolving loan funds, and much more, this book outlines the financing tools required for succeeding in today's competitive economic development climate. The Practitioner's Guide covers:- Understanding development finance- Building the development finance toolbox- Bedrock tools- Targeted tools- Investment tools- Access to capital lending tools- Federal Support tools- Case studies |
| cdfi small business lending: Predicting Large U.S. Commercial Bank Failures James Kolari, 2000 |
| cdfi small business lending: Banking on Small Business United States. Congress. House. Committee on Small Business. Subcommittee on Regulation, Business Opportunities, and Technology, 1993 |
| cdfi small business lending: Finance Your Own Business Garrett Sutton, Gerri Detweiler, 2016-01-05 Learn the financing fast track strategies used by successful entrepeneurs and investors. |
| cdfi small business lending: The Guide to Making Opportunity Zones Work Cohnreznick Llp, 2020-11-13 Understand the role each stakeholder plays in the Opportunity Zone ecosystem - one that can drive new investment, development, and job creation in left-behind communities across America.The 2017 Tax Cuts and Jobs Act (TCJA) brought to life the first new community development tax incentive in decades. Opportunity Zones (OZs) were created to spur economic development and job creation in distressed communities by offering tax incentives to those who provide new capital investments in these areas.As a growing marketplace takes shape around OZs, there's far more unknown than known about how they can and should be implemented. The rules released by the IRS over the course of 2018 and 2019 are complex and number in the hundreds of pages.The Guide to Making Opportunity Zones Work, co-edited by leading Opportunity Zone advisors Ira Weinstein, who oversees advisory, assurance and tax for stakeholders across the OZ landscape, and Steve Glickman, who helped architect the legislation behind the initiative.Inside you'll find: - Plain-English breakdowns of the various terms, tests, and other rules specific to the world of OZs (with graphics and examples)- Individual chapters offering insights for specific OZ stakeholderso Investorso Fund managerso Real estate developerso Entrepreneurs and business ownerso OZ community leaders- Plus, insights on how these groups fit together, and how they can collaborate to best drive new economic activity in struggling communities across America.Think of this guide as a tutorial that covers the nuts and bolts of OZ investing - one that provides advice and information for each of the key participant groups needed to create and support a healthy OZ ecosystem. |
| cdfi small business lending: Improving Responsible Lending to Small Businesses United States. Congress. House. Committee on Financial Services. Subcommittee on Oversight and Investigations, 2010 |
| cdfi small business lending: Entrepreneurship at a Glance 2011 OECD, 2011-05-26 Entrepreneurship at a glance presents an original collection of indicators for measuring the state of entrepreneurship, and provides explanation on the policy context and the interpretation of the data. |
| cdfi small business lending: Monetary Policy and the State of the Economy, Part I, Serial No. 111-147, July 22, 2010, 111-2 Hearing, * , 2011 |
| cdfi small business lending: Good Blood, Bad Blood J. David Smith, Michael L. Wehmeyer, 2012 At the vortex of the American eugenics tragedy was the seemingly sordid tale of a ''degenerate'' family from rural New Jersey. Published in 1912, The Kallikak Family was a pseudoscientific treatise describing generations of illiterate, poor, and purportedly immoral Kallikak family members who were chronically unemployed, ''feebleminded, '' criminal, and, in general, perceived as threats to ''racial hygiene.'' Psychologist Henry Herbert Goddard invented the pseudonym ''Kallikak''-from the Greek words Kallos (beauty) and Kakos (bad)-to illustrate the eugenic belief in the role of nature and heredity as unalterable forces leading to degeneracy, and his tale of the contrasting fates of the disparate Kallikak ancestral lines reigned for decades as seemingly conclusive proof of the hereditary nature of intelligence, feeblemindedness, criminal behavior, and degeneracy. The starting point for Goddard's moral tale was ''Deborah Kallikak, '' an inmate at his institution for the feebleminded. In the 100 years since publication of The Kallikak Family, the woman Goddard called ''Deborah'' has remained in the shadows of history, known only by the name forced upon her. Using new source material, Good Blood, Bad Blood tells her story in its entirety-in dramatic, narrative style-for the first time. It is a landmark publication in disability studies, vital to understanding of both this specific American tragedy and the history of efforts to manipulate the human population.--Back cover. |
| cdfi small business lending: How to Start a Business in Tennessee Entrepreneur Press, 2003-09-25 This series covers the federal, state, and local regulations imposed on small businesses, with concise, friendly and up-to-the-minute advice on each critical step of starting your own business. |
| cdfi small business lending: Reengineering Community Development for the 21st Century Donna Fabiani, Terry F. Buss, 2015-07-17 This timely book takes a wide-angled look at how the field of community development is evolving in an era of reduced resources, changing priorities, privatization, competition, and performance management at the federal, state, and local government levels, as well as for non-profits and private sector entities. It shows how community development organizations and programs are offering many new services, entering into new partnerships, developing extensive networks, and attracting new and alternative sources of funding - and how, in the process, these organizations are becoming more innovative, leaner in their operations, more competitive, and much more effective than ever before.Students, researchers, and policy-makers will all appreciate the numerous policy examples from the local, state, and federal levels, including a wide range of developments in housing, transportation, smart growth, education, and crime prevention. Reengineering Community Development for the 21st Century is an invaluable source for insights into the latest developments in community development financing and performance management. |
| cdfi small business lending: Worst Case Housing Needs 2017 Report to Congress U.s. Department of Housing and Urban Development, 2017-08-20 The U.S. Department of Housing and Urban Development (HUD) is pleased totransmit to the U.S. Congress this 2017 report on Worst Case Housing Needs.This report-the 16th in a longstanding series-provides national data andanalysis of the critical problems facing low-income renting families. The reportdraws on data from the American Housing Survey (AHS), which is funded by HUDand conducted by the U.S. Census Bureau. The AHS has been conducted every2 years since 1973 and debuted a major redesign in 2015 that included a newnational and metropolitan area longitudinal sample. The AHS is a key source ofnational data on housing markets, conditions, and dynamics.Despite continued signs of a strengthening national economy, the report findsthat severe housing problems are on the rise. In 2015, 8.30 million householdshad worst case needs, up from 7.72 million in 2013 and approaching the recordhigh of 8.48 million in 2011. These households are defined as very low-incomerenters who do not receive government housing assistance and who paid morethan one-half of their income for rent, lived in severely inadequate conditions,or both. High rents in proportion to renter incomes remain dominant amonghouseholds with worst case needs, leaving these renters with substantial, unmetneed for affordable housing.The modest reduction in worst case needs observed in 2013 was not sustainedand worst case needs continued their upward trend. Specifically, severe housingproblems have grown 41 percent since the beginning of the Great Recessionin 2007 and 66 percent since 2001. Worst case needs continue to affect allsubgroups, whether defined by race and ethnicity, household structure, or locationwithin metropolitan areas or regions.Contributing most to the increase in worst case needs between 2013 and 2015was a notable shift from homeownership to renting. The magnitude of thissustained postrecession trend, along with other demographic factors, increasedthe number of very low-income renters and thereby played a major role in growingworst case needs between 2013 and 2015. Modest gains in household incomeswere met with rising rents, shrinking the supply of affordable rental housing stockin an increasingly competitive market. Even with the supply of more expensive unitsgrowing, higher-income renters occupy a growing share-43 percent-of the mostaffordable units. Only 62 affordable units are available per 100 very low-incomerenters, and only 38 units are available per 100 extremely low-income renters.This report also uses new AHS enhancements to explore the variation in worstcase needs and the distribution of housing assistance across a greater variety ofmarket geographies. These data show that, although 43.2 percent of very lowincomerenters had worst case needs nationally, local markets reflect a substantialdegree of variation beyond the longstanding trends observed across regions andtypes of metropolitan locations |
| cdfi small business lending: Financial Technology United States Government Accountability Office, 2017-12-25 FINANCIAL TECHNOLOGY: Information on Subsectors and Regulatory Oversight |
| cdfi small business lending: The Women's Small Business Start-Up Kit Peri Pakroo, 2020-06-03 The award-winning guide for any woman starting or running a business Have an idea or skill that you’re ready to turn into a business? Want to expand or improve your current business operations? This book is for you! Learn how to: draft a solid business plan raise start-up money choose a legal structure and hire employees manage finances and taxes qualify for special certification programs and contracts for women-owned businesses, and efficiently market and brand your business online and off. You’ll also hear from successful women business owners whose insights will inform and inspire you. And you will learn valuable tips for maintaining work-life balance. The 6th edition is completely updated to cover the latest IRS rules, changes to the Affordable Care Act, and legal developments on classifying workers and online sales tax. With Downloadable Forms: includes access to a cash flow projection worksheet, partnership agreement, profit/loss forecast worksheet, and more (details inside). |
| cdfi small business lending: A Guide to Tribal Ownership of a National Bank Office of Office of the Comptroller of the Currency, 2015-01-01 This guide, prepared by the Office of the Comptroller of the Currency (OCC), is intended to provide an introduction to tribal ownership of national banks. The OCC encourages tribes and national banks to consult with counsel familiar with banking law, federal Indian law, and tribal law, as appropriate, to obtain specific advice on chartering, acquiring, or operating a national bank. |
| cdfi small business lending: Getting a Business Loan Ty Kiisel, 2013-11-04 Describes alternative lending sources for small businesses, as well as traditional funding sources. |
| cdfi small business lending: Small Business and Innovation , 1979 |
| cdfi small business lending: Commercial Real Estate Losses and the Risk to Financial Stability Elizabeth Warren, 2010-08 |
| cdfi small business lending: Community Development Financial Institutions (CDFIs) United States. Congress. House. Committee on Financial Services, 2010 |
| cdfi small business lending: What Matters Federal Reserve Bank of San Francisco, Nonprofit Finance Fund, 2017-06-05 Compilation of essays on outcomes-based funding, contracting, and financing for the social sector. |
Home | Community Development Financial Institu…
Jun 5, 2025 · What does the CDFI Fund Do? The Community Development Financial Institutions Fund (CDFI Fund) plays an important role in …
CDFI Certification - Community Development Financial Institu…
Dec 7, 2023 · Community Development Financial Institution (CDFI) Certification is a designation given by the CDFI Fund to specialized organizations that …
CDFI Program - Community Development Financial Institu…
Jan 16, 2025 · The CDFI Program uses monetary Awards and training opportunities to invest in and build the capacity of CDFIs, empowering them …
About Us | Community Development Financial Institu…
The CDFI Fund's mission is to expand economic opportunity for underserved people and communities by supporting the growth and capacity of a …
WHAT ARE CDFI s - Community Development Fi…
what are cdfis? community development financial institutions (cdfis) share a common goal of expanding economic opportunity in …
Home | Community Development Financial Institutions Fund
Jun 5, 2025 · What does the CDFI Fund Do? The Community Development Financial Institutions Fund (CDFI Fund) plays an important role in generating economic growth and opportunity in …
CDFI Certification - Community Development Financial Institutions …
Dec 7, 2023 · Community Development Financial Institution (CDFI) Certification is a designation given by the CDFI Fund to specialized organizations that provide financial services in low-income …
CDFI Program - Community Development Financial Institutions Fund
Jan 16, 2025 · The CDFI Program uses monetary Awards and training opportunities to invest in and build the capacity of CDFIs, empowering them to grow, achieve organizational sustainability, and …
About Us | Community Development Financial Institutions Fund
The CDFI Fund's mission is to expand economic opportunity for underserved people and communities by supporting the growth and capacity of a national network of community …
WHAT ARE CDFI s - Community Development Financial …
what are cdfis? community development financial institutions (cdfis) share a common goal of expanding economic opportunity in low-income communities by providing access to financial …
Information For The General Public: Frequently Asked Questions
Q. What is a CDFI? A. Community Development Financial Institutions, or CDFIs, are mission-driven financial institutions that have been certified by the U.S. Department of the Treasury’s CDFI …
Programs & Training - Community Development Financial …
By offering tailored resources and innovative programs that invest federal dollars alongside private sector capital, the CDFI Fund serves mission-driven financial institutions that take a market …
CDFI/CDE Certification - Community Development Financial …
Community Development Financial Institution (CDFI) Certification is the U.S. Department of the Treasury's recognition of specialized financial institutions serving low-income communities. …
CDFI Certification - Community Development Financial Institutions …
Dec 7, 2023 · The CDFI Fund has developed guidance and information materials below to help you understand the new CDFI Certification Application requirements and policies, as well as how to …
CDFI Program - Community Development Financial Institutions Fund
Community Development Financial Institution Certification (CDFI Certification) is the U.S. Department of the Treasury's recognition of specialized financial institutions serving low-income …
