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 […]

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 […]

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 […]

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 […]

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 […]

Today’s Washington Post features an important op-ed contrasting the folly of the Trump tax bill against the everyday realities of life in the small city–Bloomington, Indiana, to be specific. Bloomington Mayor John Hamilton, founder and former Board Chair of City First Bank, a CDFI serving Washington, DC, makes the simple and significant point that no city […]

This morning, I spent 45 minutes convincing a Verizon support person–via chat–to credit my account for charges I did not authorize. In the end, he issued a $55 credit, up from $11 at the start. Was it a good idea? Was it worth it? A new book suggests, “Probably not!” Dollars and Sense: How We […]