Category money+purpose

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 […]

A New Approach: CDFI Friendly Cities™

Almost a year ago, Mayor John Hamilton of Bloomington, IN, called to ask my help bringing CDFI financing to his city. A founder and former Board Chair of CityFirst Bank in Washington, DC, John is also a friend of mine from the days before the term “CDFI” was used much. The product of our work […]

Investing Because People Matter

A new report out today profiles an emerging investment niche called “Labor Lens Investing” organized around financing opportunities that produce good financial results and improve working conditions along global supply chains. Labor Lens Investing: The Business Case for Fair Labor Practices breaks new ground in at least three ways: First, it is the only published analysis […]

Trump (Still) Wants to End $ for the CDFI Fund

President Donald Trump’s new proposed budget for fiscal 2019 tries again to eliminate the CDFI Fund:  The Budget eliminates funding for the Community Development Financial Institutions (CDFI) Fund’s discretionary grant and direct loan programs, a savings of $234 million from the 2017 enacted level. The CDFI Fund was created more than 20 years ago to […]