Welcome to money+purpose. The 2016 elections have created a new sense of urgency for a wide range of practitioners working around money+purpose. I plan to continue to focus on the impact of the elections–and political and policy forces beneath them. I want to continue hearing from you. I welcome suggestions for content and topics. If […]
Yesterday, President Trump used his speech to a global Boy Scouts gathering to extol Bill Levitt, a housing developer. Well, of course he did. Bill Levitt typified, if not personified, racial discrimination in housing. Under the protection of the National Housing Act of 1934, Levitt sold his 16,000 affordable, quality homes only to white buyers. […]
Pete Garcia passed away on May 3rd. A warm remembrance appeared recently in Shelterforce. I saw Pete last in March at a Board meeting I sat in on in Washington, DC. It had been years, but we fell quickly into conversation. Pete had retired as President & CEO of Chicanos por la Causa but he had not […]
The CDFI Fund did well in the 2017 federal budget continuing resolution, and now it’s time to focus on 2018. This week, the Trump Administration will unveil its budget proposal, which includes massive cuts targeting programs benefitting low-income and low-wealth people and places. Reports are coming in that the Trump budget proposes to defund the […]
Even as the loud noise from Washington, DC, features political firings, secret taping, and the future of our political system, it pays to pay attention to mundane topics like the federal budget. This story from Politico is worth a click. It explains how the Trump Administration is pushing Congress (which is not pushing back) to cut […]
On Wednesday, May 24th, I will be part of the celebration of Northern California Community Loan Fund’s 30th Anniversary to take stock of its impact. I will be speaking on a panel of remarkable professionals discussing what it means to come together as catalysts of change. My comments will focus on the role of Northern […]
… is reportedly $248 million for the current year, up $15 million for last year, under the bipartisan Congressional deal.
Small businesses are more successful getting credit from CDFIs, credit unions, and small banks than from large banks, according to the 2016 Small Business Credit Survey published this week by the 12 Banks of the Federal Reserve System. The report confirms a trend that goes back at least to 2010. The report found that business with […]