Category: Recent News

Bipartisan Group of Senators Introduce Tax Credit for CDFIs

Bipartisan Group of Senators Introduce Tax Credit for CDFIs

On June 16, Sens. Mark Warner (D-VA), Roger Wicker (R-MS), Chris Van Hollen (D-MD), and Cindy Hyde-Smith (R-MS) introduced the Community Development Investment Tax Credit Act of 2022. The purpose of the credit is to encourage long-term private sector investments in CDFI.  In general, the bill provides a tax credit for investments and equity-like investments in […]

PeopleFund Launches BIPOC Business Accelerator

PeopleFund Launches BIPOC Business Accelerator

Earlier this month, PeopleFund announced the creation of a new accelerator program supporting Black, Indigenous, and People of Color in Austin and Dallas. Below is a press release from PeopleFund: PeopleFund proudly announces launching our Black, Indigenous, and People of Color (BIPOC) Small Business Accelerator. October 7, 2021 Our new signature initiative strategically aims to […]

Coalition of Community Development Financial Institutions Releases 2019 Report

Coalition of Community Development Financial Institutions Releases 2019 Report

CONTACT: Ayrianne Parks, ayrianne@rapoza.org, 202-579-7445 Showcases Investing and Revitalizing Underserved Communities, Populations Nationwide Washington, DC (March 13, 2019) —The CDFI Coalition, representing the nation’s Community Development Financial Institutions (CDFIs), released a new report at a gathering of lawmakers, industry leaders and stakeholders today in Washington, DC. The report showcases 67 CDFIs’ work in revitalizing rural […]

2017 CDFI Fund Program Awards Announced

2017 CDFI Fund Program Awards Announced

Today the CDFI Fund announced $208.7 in CDFI Fund Program Awards, including: $171.1 million in Financial Assistance and Technical Assistance to 265 organizations in 46 states and the District of Columbia; $22 million to 13 CDFIs through the Healthy Food Financing Initiative Financial Assistance awards (HFFI-FA); and $15.6 million in FY 2017 NACA Program Financial […]

2016 CDFI Institute: Planning the Future of the Community Development Financial Institutions

At the 2016 CDFI Institute, attendees discussed where the industry started, its current state and plans for the future of CDFIs Last week, the 22nd Community Development Financial Institutions (CDFI) Institute was held in our nation’s capital. The event, hosted by the CDFI Coalition, drew over 150 community development stakeholders from around the nation. Prominent […]

Board Member News: Mary-Childs Mayer Joins CEI 7(a)

Mary J. Childs-Mayer, a CDFI Coalition Board Member, was recently appointed to the position of Senior Vice President of Origination and Relationship Management of CEI 7(a) Financing LLC (C7a). C7a is a wholly owned subsidiary of Coastal Enterprises, Inc. headquartered in Brunswick, ME.  She brings more than 22 years of relationship experience, lending and finance […]

Treasury Guarantees $327 Million in Bond Funding for Projects in Low-Income Communities

Treasury Guarantees $327 Million in Bond Funding for Projects in Low-Income Communities

CDFI Fund announced today that an additional nine bond loans, totaling $327 million, were guaranteed in fiscal year (FY) 2015, bringing the total guaranteed to date to $852 million. All of the bond proceeds, provided through the Community Development Financial Institutions Bond Guarantee Program (CDFI Bond Guarantee Program), will provide long-term, fixed rate capital for projects […]

CDFI Fund Announces $18 Million in Bank Enterprise Awards for Investment in Low-Income Communities

CDFI Fund Announces $18 Million in Bank Enterprise Awards for Investment in Low-Income Communities

PRESS RELEASE FROM THE CDFI FUND, September 21, 2015: Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $18.1 million in grant awards to 83 FDIC-insured financial institutions for serving economically distressed communities across the nation. These funds are awarded under the fiscal year (FY) 2015 round of the […]

CDFI Fund Announces FY 2015 CDFI Program Awards

CDFI Fund Announces FY 2015 CDFI Program Awards

U.S. Treasury Awards More Than $200 Million to CDFIs to Spur Economic Growth in Low-Income Urban, Rural, and Native Communities Awards through the CDFI Program and NACA Program support CDFI lending and investment nationwide September 10, 2015 Washington – The U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) awarded 195 Community Development Financial Institutions […]

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