The Sources and Uses of Funds for Community Development Financial Institutions: The Role of the Nonprofit Intermediary

2007 ◽  
Vol 37 (1) ◽  
pp. 19-38 ◽  
Author(s):  
Brent C. Smith
2019 ◽  
pp. 329-350
Author(s):  
Douglas Jutte

This chapter introduces the community development sector, an extensive network of financially skilled institutions and members that work collectively to reduce poverty in underserved and under-resourced communities by addressing social and structural determinants of health. Offering innovative and sizeable financial opportunities to invest and improve vulnerable communities, this sector shares a common mission to improve health, generates economic growth, and catalyzes and sustains multi-sector partnerships for population health improvements. The chapter adds some narrative on personal expertise as a funder at the Robert Wood Johnson Foundation and describes how they have gotten involved with Community Development Financial Institutions.


2021 ◽  
Vol 15 (1) ◽  
pp. 001-152
Author(s):  

Community Development Financial Institutions (CDFIs) are mission-driven lenders that create economic opportunity for low-income communities and individuals throughout the United States. The history of CDFIs dates back to the 1970s. There are currently over 1,100 operating as banks, credit unions, nonprofit loan funds, and venture capital funds. CDFI financing leads to the creation of jobs, affordable housing, community facilities and more. This issue of the Community Development Innovation Review is a collection of research papers designed to expand our understanding of CDFIs and their impacts in vulnerable communities across the country.


Author(s):  
Kristle Romero Cortés

The Treasury Department's CDFI Fund awards grants to community development financial institutions (CDFIs) that operate in low-income areas. Awards are intended to strengthen the institutions and increase the amount they lend to borrowers in those areas. This analysis of propriety data from the US Treasury shows that when CDFIs receive grant money, they put it to use as additional loans in impoverished and economically weak areas.


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