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 ...
Tag: Community development
ABA signs coalition letter to make NMTC program permanent
ABA signed a coalition letter urging Congress to make the New Markets Tax Credit program permanent, and it is encouraging ...
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 ...
Report outlines policy strategies to support digitalization for mission-based banks
To help support minority depository institutions and community development financial institutions advance in digital transformation, policymakers and regulators must address ...
Treasury Department awards grants to boost local economies after COVID
The Treasury Department announced that the Community Development Financial Institutions Fund has awarded more than $1.73 billion in grants to ...
ABA, trade groups urge increase in CDFI fund appropriations
The trade groups asked for $500 million for the CDFI Fund, which includes a $50 million allocation for the Bank ...
Sens. Cardin, Daines introduce ABA-backed bill to make NMTC permanent
Sens. Ben Cardin (D-Md.) and Steve Daines (R-Mont.) yesterday introduced the New Markets Tax Credit Extension Act of 2023.
Podcast: How CDFI status helps one community bank stay independent
"We're a small bank, and it gets more expensive all the time to run a small community bank," says Andy ...
ABA offers recommendations for improving community investment programs
Federal agencies could improve the effectiveness of community investment programs by removing barriers to bank participation in federal loan programs ...
Agencies release 2021 CRA data on small business, community development lending
The federal banking agencies today released 2021 Community Reinvestment Act data on small business, small farm and community development lending.
