Category money+purpose

The CDFI Fund: 25 Years of Progress

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, […]

Mayor Pete’s Press Release: CDFI Friendly South Bend Convening

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, […]

Mayor Pete Buttigieg to Discuss the Potential for “CDFI Friendly South Bend”

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 […]

CDFI Friendly Bloomington Seeks a Founding Executive Director

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 […]

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 […]