What matters the most for economic development? Evidence from the Community Development Financial Institutions Fund

2018 ◽  
Vol 98 (2) ◽  
pp. 883-904 ◽  
Author(s):  
Kaitlyn R. Harger ◽  
Amanda Ross ◽  
Heather M. Stephens
Keyword(s):  
Economic Development ◽  
Community Development ◽  
Financial Institutions ◽  
Community Development Financial Institutions ◽  
What Matters

scholarly journals Understanding Community Development Financial Institutions and their Impact in Low- and Moderate-Income Neighborhoods

2021 ◽  
Vol 15 (1) ◽  
pp. 001-152
Author(s):  
Keyword(s):  
Community Development ◽  
Financial Institutions ◽  
Affordable Housing ◽  
Low Income ◽  
The United States ◽  
Research Papers ◽  
Vulnerable Communities ◽  
History Of ◽  
Community Development Financial Institutions ◽  
Community Facilities

Community Development Financial Institutions (CDFIs) are mission-driven lenders that create economic opportunity for low-income communities and individuals throughout the United States. The history of CDFIs dates back to the 1970s. There are currently over 1,100 operating as banks, credit unions, nonprofit loan funds, and venture capital funds. CDFI financing leads to the creation of jobs, affordable housing, community facilities and more. This issue of the Community Development Innovation Review is a collection of research papers designed to expand our understanding of CDFIs and their impacts in vulnerable communities across the country.

scholarly journals Does the CDFI Fund Help Low-Income Borrowers?

2014 ◽  
pp. 1-4
Author(s):  
Kristle Romero Cortés
Keyword(s):  
Community Development ◽  
Financial Institutions ◽  
Low Income ◽  
The Us ◽  
Community Development Financial Institutions ◽  
Grant Money

The Treasury Department's CDFI Fund awards grants to community development financial institutions (CDFIs) that operate in low-income areas. Awards are intended to strengthen the institutions and increase the amount they lend to borrowers in those areas. This analysis of propriety data from the US Treasury shows that when CDFIs receive grant money, they put it to use as additional loans in impoverished and economically weak areas.

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