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On The Road Lending Program Evaluation
Abril 2023, inglés
In this report, Michael Swack, Jolan Rivera, and Sanjeev Sharma discuss the results of the On The Road Lending program evaluation.
Abril 2023, inglés
In this report, Michael Swack, Jolan Rivera, and Sanjeev Sharma discuss the results of the On The Road Lending program evaluation.
A Path to Conventional Equity for CDFIs Working Paper
Abril 2023, inglés
In this working paper, authors Charles Tansey and Michael Swack outline a path to conventional equity for CDFIs.
Abril 2023, inglés
In this working paper, authors Charles Tansey and Michael Swack outline a path to conventional equity for CDFIs.
Clean Energy Project Development for Low-Income Communities
Abril 2023, inglés
Scaling clean energy in low-income communities through solar and deep efficiency retrofits presents financing challenges, but that is only part of the problem. Drawing on research conducted by the Carsey School’s Center for Impact Finance, this white paper outlines a road map depicting the ecosystem needed to deliver clean energy projects to underserved communities.
Abril 2023, inglés
Scaling clean energy in low-income communities through solar and deep efficiency retrofits presents financing challenges, but that is only part of the problem. Drawing on research conducted by the Carsey School’s Center for Impact Finance, this white paper outlines a road map depicting the ecosystem needed to deliver clean energy projects to underserved communities.
Scaling Equitable Solar Finance
Abril 2023, inglés
The U.S. solar photovoltaics industry has taken off over the past decade, but without deliberate action low- and moderate-income communities could be left behind in the transition to clean energy. Drawing on substantial literature related to multiple dimensions of low-income solar finance and interviews with key informants in the field, authors Eric Hangen, Rebecca Regan, and Sarah Boege.
Abril 2023, inglés
The U.S. solar photovoltaics industry has taken off over the past decade, but without deliberate action low- and moderate-income communities could be left behind in the transition to clean energy. Drawing on substantial literature related to multiple dimensions of low-income solar finance and interviews with key informants in the field, authors Eric Hangen, Rebecca Regan, and Sarah Boege.
2022 FIR Summary
Advancing Clean Energy Equity
Junio 2022, inglés
The June 16-17, 2022 FIR focused on advancing clean energy equity and was co-hosted by the Federal Reserve Bank of New York. Clean energy technologies are better than ever, with costs continuing to decline. Yet the low-income and under-resourced communities – particularly communities of color, Native communities, and other traditionally marginalized populations – that are disproportionately impacted by climate and severe weather-related events lag in clean energy investments.
Junio 2022, inglés
The June 16-17, 2022 FIR focused on advancing clean energy equity and was co-hosted by the Federal Reserve Bank of New York. Clean energy technologies are better than ever, with costs continuing to decline. Yet the low-income and under-resourced communities – particularly communities of color, Native communities, and other traditionally marginalized populations – that are disproportionately impacted by climate and severe weather-related events lag in clean energy investments.
Bringing Solar Energy to Low- and Moderate-Income Communities
Abril 2021, inglés
The U.S. solar photovoltaics industry has taken off over the past decade, but without deliberate action low- and moderate-income communities could be left behind.
Abril 2021, inglés
The U.S. solar photovoltaics industry has taken off over the past decade, but without deliberate action low- and moderate-income communities could be left behind.
2020 FIR Summary
Expanding the Field of Climate Finance
Noviembre 2020, inglés
The 2020 FIR offered an opportunity to discuss the challenges and opportunities banks and Community Development Financial Institutions (CDFIs) face as they address these risks and how these institutions can help increase individual, institutional, and community-wide resilience.
Noviembre 2020, inglés
The 2020 FIR offered an opportunity to discuss the challenges and opportunities banks and Community Development Financial Institutions (CDFIs) face as they address these risks and how these institutions can help increase individual, institutional, and community-wide resilience.
Targeted Equity Investments are Legal and Essential to Reach Many Underserved Markets
In the statute establishing Duty to Serve (“DTS”) in 2009, Congress identified “grants and investments” as one of four explicit criteria that the Federal Housing Finance Agency must use in evaluating Enterprise DTS performance, along with outreach, loan product development, and loan purchases. By including investments as one of four statutory DTS evaluation factors, Congress has clearly affirmed that the Enterprises have the authority to make targeted DTS equity investments (12 U.S.C. § 4565(d)(2)(D) 2020). Nevertheless, our understanding is that under the current reading of the statute by FHFA’s general counsel, the Enterprises are prohibited from making targeted equity investments (TEIs). We believe FHFA has the authority to also permit TEIs as part of an Equitable Housing Finance Plan.
In the statute establishing Duty to Serve (“DTS”) in 2009, Congress identified “grants and investments” as one of four explicit criteria that the Federal Housing Finance Agency must use in evaluating Enterprise DTS performance, along with outreach, loan product development, and loan purchases. By including investments as one of four statutory DTS evaluation factors, Congress has clearly affirmed that the Enterprises have the authority to make targeted DTS equity investments (12 U.S.C. § 4565(d)(2)(D) 2020). Nevertheless, our understanding is that under the current reading of the statute by FHFA’s general counsel, the Enterprises are prohibited from making targeted equity investments (TEIs). We believe FHFA has the authority to also permit TEIs as part of an Equitable Housing Finance Plan.
Behavioral Finance of Impact Investing
Abril 2020, inglés
Donor-advised funds present a unique opportunity to promote impact investing into the local community, including Community Development Financial Institutions that serve their local communities.
Abril 2020, inglés
Donor-advised funds present a unique opportunity to promote impact investing into the local community, including Community Development Financial Institutions that serve their local communities.
