Guest post by John Holdsclaw IV, CDFI Coalition Vice Chair and SVP, Corporate Affairs at National Cooperative Bank. “Racism still occupies the throne of our nation.” Dr. Martin Luther King, Jr. The social impact news and events group Genorocity defines racial equity as “fairness and justice in policy practice and opportunity consciously designed to address […]
Tag: CDFI Fund
Reflections on 25 Years of CDFI Practice
Guest post by Michael Swack, Professor and Director, Center for Impact Finance, Carsey School of Public Policy, University of New Hampshire. As I reflect on the CDFI field, I realize what great success this field has achieved over the past 35 years – and in the 25 years since the creation of the CDFI Fund […]
CDFI Fund: 25 Years Revitalizing Communities and Providing Access to Opportunity Where It’s Needed Most
Twenty-five years ago today, President Bill Clinton signed the Riegle Community Development and Regulatory Improvement Act of 1994 into law, establishing the CDFI Fund. The legislation, proposed by President Clinton and championed in Congress by Senator Don Riegle (D-MI), sought to increase access to capital for small businesses, affordable housing, the availability of commercial real […]
The President’s Budget Delivers a Devastating Blow to Economic Development
President Trump released his Fiscal Year (FY) 2018 budget today entitled, “America First: A Budget Blueprint to Make America Great Again.” The plan, as was reported a few weeks ago, makes deep cuts or eliminates many programs serving economically distressed rural communities and urban neighborhoods. The proposal would all but eliminate Treasury’s Community Development Financial […]