Twenty-five years ago President Bill Clinton signed the CDFI Fund into law in an auditorium at the U.S. Department of Agriculture. The event was originally planned for the White House lawn but rain was forecast and the White House did not want a muddy celebration. The Fund has been jet fuel for the CDFI industry, […]

Today the City of South Bend, Indiana, announced the details of the June 4th CDFI Friendly South Bend event that Mayor Pete Buttigieg will lead. The full text of the City’s press statement appears below. June 3, 2019 BUTTIGIEG LEADS SOUTH BEND IN BECOMING A CDFI-FRIENDLY CITY On Tuesday, June 4, local stakeholders from banks, […]

The City of South Bend, IN, will host a one-day forum on June 4 led by Mayor Pete Buttigieg to discuss the community’s work to become the nation’s second CDFI Friendly Community. Bloomington, IN, became the first CDFI Friendly Community in late 2018 when it created CDFI Friendly Bloomington. “Investing in Our Future: Expanding South Bend’s […]

The nation’s first CDFI-friendly community is seeking its first Executive Director. The founding Board of Directors at CDFI Friendly Bloomington (IN) just released the job notice. For the right candidate, this is a chance to be part of history. Formed late in 2018, this new approach to helping CDFIs provide affordable, flexible financing in smaller […]

Howard Schultz’s new book, From the Ground Up: A Journey to Reimagine the Promise of America, shines another bright spotlight on CDFIs, and to the Create Jobs for USA campaign that brought unprecedented attention to their work and more than $100 million of new CDFI financing to community businesses in 2011 and 2012. Released today, the book […]

Innovative Approach to Increase CDFI Financing in Smaller Markets Also Draws $10 Million in CDFI Financing from Bank of America The founding Board of Directors of CDFI Friendly Bloomington announced today that the new entity will launch with $4 million in financing from local banks and public sources. It will use that capital to assist […]

As interest in CDFI Friendly Communities continues to grow, South Bend, Indiana, will host the next public forum sponsored by the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Bank of Chicago, and the Office of the Comptroller of the Currency (OCC). The South Bend event will feature: A report on CDFI Friendly Bloomington as […]

The Community Development & Policy Studies team at the Federal Reserve Bank of Chicago is actively exploring the potential for the CDFI Friendly Communities model across its footprint. In a new blog post, the Bank’s Garvester Kelley and Josie Link summarize the need for new strategies to help CDFIs extend coverage to smaller markets despite CDFI […]

Jeremy’s family has asked that memorial donations be made to:   Alex’s Lemonade Stand Foundation for Childhood Cancer 111 Presidential Boulevard, Suite 203 Bala Cynwyd, PA 19004 866.333.1213   Lankenau Hospital Fund #5121 For the Cardio-thoracic Intensive Care Unit Lankenau Medical Center Foundation 100 East Lancaster Avenue Wynnewood, PA 19096 484.476.8101   Master […]

Jeremy Nowak, a leader in community development finance and much more since the 1980s, passed away today. He recently suffered a massive heart attack. Jeremy was a close friend of mine for 25 years. He mentored me, taught me, encouraged me, supported me, challenged me, guided me, looked out for me, represented me, and inspired […]