Category money+purpose

Back in the Spotlight: CDFIs, Starbucks & Howard Schultz

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 […]

“CDFI Friendly Bloomington” Launches with $4 Million

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 […]

Join CDFI Friendly Communities in South Bend, Indiana: October 23rd

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 […]

Chicago Fed Reports on its 1st CDFI Friendly Communities Meeting

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 […]

Donations in Memory of Jeremy Nowak

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 https://www.alexslemonade.org   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 https://www.mainlinehealth.org/ways-to-give/lankenau-medical-center-foundation   Master […]

Jeremy Nowak, R.I.P.

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 […]

Learn More About “CDFIs in Smaller Markets” @ June 14th

Community leaders in Northwest Indiana will explore the potential for CDFI Friendly Communities™ to bring CDFI financing to smaller markets on June 14th in Merrillville, Indiana, near Gary. The public is invited. The Federal Reserve Bank of Chicago, the Office of the Comptroller of the Currency (OCC), and The Legacy Foundation will convene national and […]