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CDFIs: Bridging the Poverty Gap

Each year, the Martin Luther King, Jr. holiday prompts people to reflect on Dr. King’s life and legacy. By achieving passage of civil rights and voting rights legislation, the actions of King and others compelled a sharp decline in the blatant discrimination and wanton violence that had permeated the nation for generations. However, today, five […]

Bank corporate finance building seen from below. The sign "bank" visible close. Sky reflecting in the glass facade. More Facade pictures below

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The Post-Protest Pledges: Banks’ Racial Equity Initiatives

It’s been almost two years since the racial justice reckoning galvanized big banks to promise billions of dollars to increase racial equity and close the wealth gap. What are those dollars going toward, and how big a change do they represent?

3 women posed at the sides of a sign.

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Nun Funds: The Original Impact Investors

Rising out of a practice of shareholder activism that began in the 1970s, Women Religious made the leap from monitoring their investments on Wall Street to becoming pioneers in investing directly in the communities and social justice causes for which they cared.

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Finance and Chill? Big Tech Flirts with Community Development

Facing calls to invest in racial equity, companies like Netflix, Twitter, and others have recently pledged millions in new financing for affordable housing, small businesses, and other community development projects. Will they stick around?

A classroom full of students in a charter school in St. Louis.

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The Charter School Lenders

Despite the controversy surrounding them, charter schools have become a major segment of the CDFI field’s business, requiring new assessment tools to keep the lending mission-focused.

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CDFI Certification Helps Credit Unions Perform Better

The Credit Union National Association and the National Federation of Community Development Credit Unions released a report last week comparing credit unions that are certified as CDFIs (community development financial […]

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CDCs Step In Where Banks Fear to Tread

Early in 2010, the Congressional Oversight Panel for the Troubled Asset Relief Program released a report indicating that half of the $1.4 trillion in short-term commercial real estate loans coming […]

A child stands in front of a sign that reads "Low Water Landscape." Photo by 100 Resilient Cities

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Resilience 101

Community development fits well within the growing resilience movement—and connecting the two more explicitly could make their work even more powerful.

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Advancing Economic Opportunity Through Diversity

Recently, I had the opportunity to participate in an important and powerful conversation about the importance of diversity and inclusion in achieving economic equity at the Opportunity Finance Network (OFN) conference in Denver, Colorado. This is a topic that hits close to home for me. Before I joined JPMorgan Chase, I spent 10 years at […]