Community Development Financial Institutions (CDFI) Fund: Programs and Policy Issues

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Description

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. This report begins by describing the CDFI Fund’s history, current appropriations, and each of its programs. A description of the fund’s process of certifying certain financial institutions to be eligible for ... continued below

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32 Pages.

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Lowry, Sean February 5, 2015.

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This report is part of the collection entitled: Congressional Research Service Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 43 times . More information about this report can be viewed below.

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Description

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. This report begins by describing the CDFI Fund’s history, current appropriations, and each of its programs. A description of the fund’s process of certifying certain financial institutions to be eligible for the fund’s program awards follows. The next section provides an overview of each program’s purpose, use of award proceeds, eligibility criteria, and relevant issues for Congress.

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32 Pages.

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Congressional Research Service Reports

The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1970's through the present--covering a variety of topics from agriculture to foreign policy to welfare.

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  • February 5, 2015

Added to The UNT Digital Library

  • March 19, 2016, 1:57 p.m.

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  • Aug. 4, 2016, 1:29 p.m.

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Lowry, Sean. Community Development Financial Institutions (CDFI) Fund: Programs and Policy Issues, report, February 5, 2015; Washington D.C.. (digital.library.unt.edu/ark:/67531/metadc822692/: accessed December 14, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.