some communities in the United States seem much better than others at attracting grants and financing for community development—even after adjusting for their relative needs. Here are some of the surprising trends:
If CDFIs adopted traditional appraisal standards to determine loan amounts, they'd make very few loans in the communities they were founded to serve.
This book is a major contribution to increasing knowledge and awareness of how far the community development finance movement has come in 30 years.
Blaming community development corporations (CDCs) for the high cost of affordable housing construction is not only misguided, but it ignores the work of CDCs and nonprofits that are leading efforts to reduce costs in the key areas of financing, construction, and land costs.
After the housing crash, Chicago’s 1- to 4-unit rentals weren’t bouncing back in many neighborhoods. Three CDFIs came together to make it happen.
It is often said that you get what you pay for. Clearly, too little is being paid to create positive change in America’s most vulnerable places.
A lack of access to capital, capacity-building resources, and technical assistance significantly constrains the ability of CDFIs led by people of color to achieve greater impact.