Category money+purpose

The Head of the Fed

President Trump has signaled that he is likely to replace Janet Yellen as Chair of the Federal Reserve Board of Governors. Beyond the fact that Yellen has been a champion for CDFIs, community development generally, and the Community Reinvestment Act (CRA), the President’s choice will deeply affect CDFIs and CDFI strategy. The two people the […]

Demand-Side CDFI Advocacy

With a swirl of budget maneuvers spinning Congress into a fiscal hurricane, the CDFI industry needs to make sure its core priorities are safe from the storm. For years, CDFI advocacy has relied on key congressional leaders on critical appropriations panels, supported by a steady wave of congressional office visits. In the current policy turmoil, […]

Jamie Dimon, Detroit & CDFIs

Almost 25 years ago, I sat with Jamie Dimon in his office in New York City. Well before his tenure at JP Morgan Chase (JPMC), Dimon was second in command to Sandy Weill building a financial empire. I went to see Dimon, who I knew from college days, with Martin Paul Trimble, then the Executive […]

July 31, 1996: The First CDFI Fund Awards

On July 31, 1996, just before dusk, I was driving down a dirt road to make a phone call. My family and I were on vacation in Ruidoso, New Mexico, and the CDFI Fund had announced earlier that day the first-ever round of financial awards. I did not have a cell phones then, though they […]

Teaching Discrimination to Boy Scouts

Note (7/27/17): Good for the Boy Scouts for apologizing for the President’s behavior. 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 […]

Remembering Pete Garcia

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 […]

Will the CDFI Fund get Funded for 2018?

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 […]

Must Read: How the Trump White House Plans to cut Programs for Poor People

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 […]

Celebrating Impact in SF!

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 […]

CDFI Fund Budget 

… is reportedly $248 million for the current year, up $15 million for last year, under the bipartisan Congressional deal.