Title: The Community Development Financial Institutions Fund (Financial Institutions and Services)
Publisher: Nova Science Pub Inc
Publication Date: 2013
Language: English
ISBN 10: 1624175511
ISBN 13: 9781624175510
Binding: Soft cover
Condition: Brand New

About this title

Synopsis

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 programs. A description of the Fund's process of certifying certain financial institutions to be eligible for the Fund's program award is discussed, as is the program's purpose, use of award proceeds, eligibility criteria, and relevant issues for Congress.

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