This afternoon, Senate leaders announced a deal on a nearly $500 billion relief package that includes a set-aside for Community Financial Institutions, including CDFIs. The legislation would provide an additional $10 billion for the Emergency Economic Injury Disaster Grants, $50 billion for the SBA Disaster Loans Program, and $321 billion in additional aid for small […]
Paul Anderson
Message from CDFI Fund Director Jodie Harris
The CDFI Fund put out an announcement from Director Jodie Harris today providing more information on the Fund’s plan moving forward during the Coronavirus crisis. The Fund has not yet decided whether to extend deadlines for the upcoming CDFI Program round. Harris encouraged award recipients with questions about compliance, issues with reporting, or other short-term […]
OCC and FDIC Release CRA Modernization Proposal
The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) are soliciting comment on a new proposal to modernize Community Reinvestment Act (CRA) regulations. The proposal will have far-reaching implications for CDFIs and community development as a whole. Financial institutions often look to CDFIs when they seek to meet […]
From an Idea to a Movement, The CDFI Fund is Federal Government Success Story
Post by Bob Rapoza, founder and president of Rapoza Associates in Washington, D.C., and spokesperson for the CDFI Coalition. While campaigning for President in late summer 1992, then-Governor Bill Clinton made a campaign stop at South Shore Bank in Chicago, Illinois. It was here, at the nation’s first community development bank, that Clinton shared his vision […]
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 […]
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 […]
CDFI Coalition Letter on CRA Modernization
Below find the CDFI Coalition’s 2018 letter to OCC on CRA modernization
Take Action on the CDFI Fund BEA and CMF Rescissions
PathStone’s Long History Serving Puerto Rico
PathStone Corporation (PathStone) began full-time operations in Puerto Rico soon after Hurricane Georges came ashore in 1998. PathStone’s entry into Puerto Rico was a long wished for dream on the part of the Board of Directors which for many years wanted the organization to offer assistance to farmworkers on the Island. PathStone’s board had, from […]
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 […]