Tag: CDFIs
Let’s Act Now to Stop Racism in Real Estate Appraisals
In 2022, a government task force released an action plan about combating bias in the appraisal industry. How can CDFIs fight back against the damage caused by under-appraisals?
Dear CDFI Colleagues: It’s Time to be Transparent About Salaries in...
Companies that value meritocracy perform worse with pay equity when their internal policies do not align with their public-facing statements regarding pay.
Credit Where Credit Is Due: Expanding Access to Capital for BIPOC...
The dual financial system affects not only Black and Brown consumers, but Black- and Brown-led firms. In the past two years, CDFIs have focused on shifting access to capital for developers.
How CDFIs are Helping Small Businesses Create Good Jobs
Community development financial institutions lend to micro- and small-business owners, but the jobs those businesses create are often minimum wage, part time, or otherwise low quality. What makes a job a good job, and what are CDFIs doing to help small-business borrowers create good jobs?
Lessons from the Last Housing Crisis: How to Get Control of...
How to keep affordable apartments and single-family homes out of the hands of institutional investors if the coronavirus pandemic leads to a giant wave of evictions and foreclosures.
CDFIs and the Expansion of the Payroll Protection Program
The Payroll Protection Program is an expansion of a program for banks and credit unions. It offers virtually nothing to nonprofit small-business lenders.
Let’s Interrupt History: Racial Equity in a Time of Crisis
Data on the pandemic shows once again the dramatic consequences of racial inequalities. CDFIs must focus on ensuring equity for Black-owned businesses.
Making Loans to Help Formerly Incarcerated People Get Back on Their...
CDFIs and nonprofits are figuring out how to help formerly incarcerated people build credit histories and access capital in order to get their lives going.
Only Halfway to Economic Democracy
Few books make me so angry that I must resist throwing them across the floor. One such book, published in 2002 (and since updated)...
Is Success Making CDFIs Too Risk-Averse?
Shelterforce's Miriam Axel-Lute in conversation with Ed Gorman of NCRC on whether community development financial institutions (CDFIs) are taking enough risk, and therefore, falling short of their mission.
CDFIs Stepped Up During the Shutdown
CDFIs across the country were trying to do what they could to ease the effects of the recent government shutdown. Here is just a partial list.
CDFIs “Rethink” Systems, But (Hopefully) Not Identity
We are definitely in some danger of losing a connection to the animating social movements that gave rise to the industry.
Connecting CDFIs and Impact Investors
It should be a natural fit; what’s in the way?
Spitzer Signs CDFI Law
New York Governor Eliot Spitzer in July signed into law authorization to create the nation’s first State Community Development Financial Institutions (CDFI) program. The...