The Community Development Financial Institutions Fund
Author | : Andre L. Wright |
Publisher | : Nova Science Publishers |
Total Pages | : 0 |
Release | : 2013 |
ISBN-10 | : 1624175511 |
ISBN-13 | : 9781624175510 |
Rating | : 4/5 (11 Downloads) |
Download or read book The Community Development Financial Institutions Fund written by Andre L. Wright and published by Nova Science Publishers. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. CDFIs include regulated institutions, such as community development banks and credit unions, and non-regulated institutions, such as loan and venture capital funds. This book describes the Fund's history, current appropriations, and each of its programmes.