Browsing: Community development

Newsbytes Senators propose CDFI tax credit

A bipartisan group of senators introduced an ABA-backed bill to create a community development financial institutions tax credit for private sector investors that make equity, equity-equivalent investments or long-term patient capital available to CDFIs.

Economy New York Fed: CDFI assets tripled in five years

Assets held by community development financial institutions tripled in the last five years, reaching at least $452 billion in the first quarter of 2023, according to a report by the Federal Reserve Bank of New York

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