Community Development Field
Filling the Lending Vacuum
As credit tightens and higher and higher numbers of commercial real estate loans enter default, CDCs are stepping up to fill the financing gap in economic development deals from which conventional lenders have been retreating.
Policy
Linked Deposits
In 2009, in Pittsburgh, a city much admired for its bank/CDC collaborations, the lender for a prominent mixed commercial/residential project was requiring new appraisals and changing loan terms, which added […]