Community development finance - Multimedia
This Connecting Communities® webinar on July 26 highlighted the new Opportunity Zones tax incentive, which aims to drive long-term equity capital to distressed communities by providing tax benefits on investments in Opportunity Funds. Speakers provided details on how the tax incentive is expected to work and highlighted emerging national and local strategies to engage residents around how these funds are deployed in their communities. Presenters included Rachel Reilly, Director, Impact Investing, Enterprise Community Partners; Eric Robertson, President, Communtiy LIFT; and Amanda Roberts, Senior Community Development Analyst, Federal Reserve Board of Governors.
The NY Fed's Community Reinvestment Act Portal is a one-stop-shop for financial institutions, community organizations, and other stakeholders seeking information and resources related to the CRA. The website also includes the interactive tool “Find Your Bank”. This tool is a sortable table which includes 10 years-worth of information on NY Fed supervised financial institutions and their CRA performance.
At the South Carolina Association for Community Economic Development (SCACED) Capacity Building Workshop in Walterboro, South Carolina, community partners came together to look at how small, rural municipalities can develop their communities and improve their economies.
This article highlights the 8th consecutive gathering of the Appalachian Funders Network (AFN). Foundations and grant makers met in Central Appalachia to participate in a working meeting about aligning their investment resources.
Investing in America’s Workforce seeks to strengthen our nation’s economic potential through reframing and reimagining workforce development efforts, taking a broader view of them as investments, rather than as a limiting view centered on the delivery of social services. This initiative will connect businesses, government, nonprofit, and philanthropic partners to rethink policy and investments, attract new resources, and improve economic mobility for workers.
Redefining the Challenges & Opportunities for Banks in LMI Neighborhoods Throughout Chicagoland: Results from Community Capacity Discussion Groups
Bank lending in low- and moderate-income (LMI) neighborhoods in the Chicago area has remained well below levels that preceded the Great Recession in 2008. This blog summarizes a 2016 convening by the Community Development and Policy Studies (CDPS) department of the Federal Reserve Bank of Chicago and the Chicago Metropolitan Agency for Planning (CMAP). The meeting brought together more than 20 bankers to share their perspectives on what drives lending and investment trends in their respective markets, and what local banks are doing to increase lending activity in LMI neighborhoods.
Presentations and videos, as well as the 2016 National Survey of Community Banks, are now available from the 2016 Community Banking in the 21st Century Research and Policy Conference, hosted by the Federal Reserve System and the Conference of State Bank Supervisors (CSBS). Held Sept. 28-29, 2016, at the St. Louis Fed, research explored the continuing relevance and importance of the community bank business model; the relationship between community bank size and performance; and community bank regulatory issues. Speakers included Fed Governor Jerome Powell, Chicago Fed President Charles Evans, St. Louis Fed President James Bullard and CSBS Chairman/Texas Department of Banking Commissioner Charles Cooper. H.E. “Gene” Rainbolt, chairman, BancFirst Corporation, provided the evening keynote.
This Connecting Communities® webinar focuses on the impact in impact investing. In Navigating Impact Investing, experts propose creating impact classes as a way to optimize the process of matching an investor’s unique preferences with the right opportunities. Co-authors Ben Thornley (Tideline) and Cathy Clark (Duke University) share their proposed impact classes, the feedback they’ve received from stakeholders, and how to turn this concept into reality. Sasha Dichter (Acumen) offers a practitioner’s reflections on what an impact class framework may mean for the impact investing field.
Interested in data on small business financing conditions? This July 2016 Connecting Communities® webinar features results of a Fed 2015 small-business credit survey (SBCS). Responses provide insight into the dynamics behind aggregate lending trends and shed light on noteworthy segments of the small-business credit market. The survey captures the perspectives of businesses with fewer than 500 employees. Speakers include Claire Kramer, New York Fed; Karen Leone de Nie, Atlanta Fed; and Tammy Halevy, Association for Enterprise Opportunity (AEO).
This Connecting Communities® webinar, hosted on Feb. 18, 2016, discusses the practical “nuts and bolts” of accessing the CDFI Bond Guarantee Program, an innovative federal initiative that offers creditworthy certified CDFIs access to affordable long-term capital. Learn how this unique program incentivizes and empowers CDFIs to execute large-scale projects. Speakers include Lisa Jones, CDFI Fund, U.S. Department of the Treasury; Douglas Bystry, Clearinghouse CDFI; and Jennifer Novak, Community Reinvestment Fund.