Members of the FUND Consulting team attended the 2014 National Interagency Community Reinvestment Conference which took place in Chicago, where FUND’s offices are based. Sponsored by the Federal Deposit Insurance Corporation, the Federal Reserve Banks of Chicago and San Francisco, the Office of the Comptroller of the Currency, and the U.S. Department of the Treasury’s […]
Last week the CDFI Fund released the long-awaited Notice of Guarantee Availability (NOGA) and application documents for the inaugural round of the CDFI Bond Guarantee Program. Applications for the program will be accepted through 11:59 PM EDT on Wednesday, July 17, 2013. The CDFI Bond Guarantee Program was first enacted through the Small Business Jobs […]
As we’ve discussed on the blog, collecting and analyzing data is key to finding and evaluating the best solutions to the challenges facing the communities in which we work and live. It is no secret that federal, state, and local governments are the repositories for millions of important data points about the places we live […]
As the national housing market makes its slow recovery following the foreclosure crisis, communities across the country continue to struggle with the glut of abandoned and vacant properties resulting from the crisis. These properties not only create problems for their neighbors in the form of blight, increased crime rates, and declining property values, but are […]
The CDFI Fund has released the long-anticipated interim rule on the CDFI Bond Guarantee Program. The interim rule was published in the Federal Register on Tuesday, February 5 and the CDFI Fund seeks public comment on the rule through April 8, 2013, at which time the rule will go into effect. The CDFI Bond Program […]
With more than 1,000 certified CDFIs across the country serving a wide range of markets and communities, what does the impact of CDFIs look like at the local level? This is a question that the Support Center, a statewide nonprofit and CDFI in North Carolina explores in a recent report, CDFIs in North Carolina: Creating […]
Just after the start of the new year President Obama signed the “fiscal cliff” legislation, which included an extension of the New Markets Tax Credit (NMTC) Program for 2012 and 2013. The bill gives the CDFI Fund tax allocation authority of $3.5 billion in each year. Currently, the CDFI Fund is reviewing applications submitted during […]
Today the CDFI Fund opened the FY 2013 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance (NACA) programs. Awards under the CDFI and the NACA Program help to support CDFIs and expand their capacity to provide access to credit, capital, and financial services to low-income communities and […]
The Internal Revenue Service (IRS) recently published final regulations for the New Markets Tax Credit (NMTC) rule to encourage investments in non-real estate businesses. Historically, non-real estate projects have been overlooked by NMTC investors for their tendency to be shorter term loans. These loans, often times for equipment or working capital, traditionally have a term […]
As we have discussed throughout our blog series on market studies, the ultimate goal of this type of project is to collect data that creates a set of actionable steps an organization can take to better identify and respond to the need and demand in their current and/or potential service area. Once all of the […]