Federal community development funding, as measured as a share of GDP, has declined by 75 percent over the least 40 years. Federal policy has increasing relied on private-sector resources to fill the gap. Through the NMTC and CDFI programs, community development organizations are filling the yawning credit gap encountered in many communities, creating jobs improving […]
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 […]
Has your organization signed the CDFI Fund Appropriations letter?
As you know, the CDFI Fund appropriations are in need of strong congressional support for both Fiscal Year (FY) 2017 and 2018. Reports on the Trump Administration’s “skinny budget” would “all, but eliminate” the CDFI Fund. While nothing is confirmed, the CDFI Coalition is working to demonstrate the importance of these programs to communities nationwide. […]
2017 CDFI Institute Wrap-Up and Appropriations Update
Last week, the 23rd Community Development Financial Institutions (CDFI) Institute was held in our nation’s capital. The event, hosted by the CDFI Coalition, drew nearly 200 attendees, including community development stakeholders from around the nation. Congressman French Hill (R-AR), CDFI Fund Director Annie Donovan, Senior Treasury Department staff and panels of CDFI experts participated in […]
Community Development Organizations Express Concern about Reported Elimination of Treasury’s CDFI Fund
The CDFI Coalition, a broad group of more than one-hundred community development lenders and investors serving America’s low-income communities, expressed concern today about the soon to be released “skinny” budget from President Trump. The New York Times reported that the President’s plans would “all but eliminate” the Community Development Financial Institutions (CDFI) Fund. “We were disappointed […]
Congratulations to the 12 CDFI COALITION MEMBERS who won $41,650,000!
Post authored by Linda Davenport. On September 21, The Community Development Financial Institutions (CDFI) Fund announced its award of $91.5 million in Capital Magnet Fund grants to 32 organizations for the development of affordable housing and other community service facilities. A total of 23 CDFIs and 9 nonprofit housing organizations were given awards. Of the 23 […]
Connecting with Local CDFIs: Coalition Chair Visits Native CDFIs
By James R. Klein, CDFI Coalition Chair “Not knowing when the dawn will come I open every door.” ― Emily Dickinson Dickinson’s quote points out a fairly well known principle that is oft forgotten, or at least overlooked. We miss a lot of good things by not attempting to do them. As Chair of the […]
Urban Waters National Training Workshop
The EPA is holding a workshop on its Urban Waters Small Grants Program, which may be of interest to CDFIs interested in helping underserved communities improve their urban waters in ways that create a community and economic benefit. Eligible applicants include States, local governments, Indian Tribes, public and private universities and colleges, public or private […]
Chairman’s Letter to the Membership
As we begin to stretch into 2016, I have recovered from its newness and have begun to process and project where we’ve been and where we can go. I was pleased and encouraged by this year’s CDFI Institute’s focus on “Planning the Future of CDFIs”. The sessions were a great conversation on the past and […]
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 […]