The Treasury Department has finally announced $289 million in stalled CDFI awards. Meanwhile, proposed Community Reinvestment Act reforms threaten the bank capital that CDFIs rely upon.
South Tower Community Land Trust started by winning its neighborhood a new park. Now it’s bought its first commercial property – and helped one small business afford a storefront in its own neighborhood.
A proposed overhaul of the Community Reinvestment Act would pull hundreds of banks out of the affordable housing tax credit market, undercutting the same incentives that the Road to Housing Act is expanding.
The city just approved a massive new anti-displacement framework to reinvest billions in distressed neighborhoods, revised from a controversial proposal to extend Atlanta’s tax-increment financing districts.
At the first Bronx Economic Development Summit, organizers make the case that community control isn’t fringe – it’s the future of urban economic development.
Climate First Bank hit $1.8 billion in assets by financing clean energy projects one relationship at a time. Now it wants to teach other community banks how to do the same.
After a lawsuit and a decade of stalled development, a historic Black neighborhood’s community benefits fund is finally paying out. Here’s how they got there.
The Federal Home Loan Bank system’s targeted lending programs support loans for small business, climate resilience, and infrastructure, in addition to housing.
