Showing: All Types
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.
Resource
Housing
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.
Resource
Housing
Behavioral Finance of Impact Investing
Eric Hangen and Michael Swack
Center for Impact Finance
April 2020, English
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.
Resource
Economic Development
April 2020, English
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.
Resource
Economic Development
CDFIs Can Make the SBA PPP Loan Program Work for Smaller, Minority-Owned, and Women-Owned, Small Businesses
Eric Hangen and Michael Swack
Center for Impact Finance
April 2020, English
As currently being implemented by the Small Business Administration, the loans made available through the $349 billion Paycheck Protection Program, part of the CARES Act recently enacted to address the COVID-19 crisis, are likely to significantly bypass smaller small businesses and those that are minority- or women-owned.
Resource
Economic Development, Poverty and Inequality
April 2020, English
As currently being implemented by the Small Business Administration, the loans made available through the $349 billion Paycheck Protection Program, part of the CARES Act recently enacted to address the COVID-19 crisis, are likely to significantly bypass smaller small businesses and those that are minority- or women-owned.
Resource
Economic Development, Poverty and Inequality
2019 FIR Summary
Aligning Capital, Training, and Economic Mobility
Center for Impact Finance
April 2019, English
The 2019 FIR, co-hosted by the Federal Reserve Bank of Atlanta on April 24-25, focused on “Aligning Capital, Training, and Economic Mobility.”
Resource
Economic Development
April 2019, English
The 2019 FIR, co-hosted by the Federal Reserve Bank of Atlanta on April 24-25, focused on “Aligning Capital, Training, and Economic Mobility.”
Resource
Economic Development
The Potential Role For CDFIs in the Opportunity Zones of the Investing in Opportunities Act (IIOA)
Charles Tansey and Michael Swack
Center for Impact Finance
March 2019, English
The Opportunity Zones legislation was designed to mobilize new levels of capital into low- and moderate-income (LMI) communities – areas that have historically been overlooked and underserved by mainstream capital markets. As longstanding financial partners to LMI communities, Community Development Financial Institutions (CDFIs), it would seem, are positioned to play a pivotal role.
Resource
Economic Development, Poverty and Inequality
March 2019, English
The Opportunity Zones legislation was designed to mobilize new levels of capital into low- and moderate-income (LMI) communities – areas that have historically been overlooked and underserved by mainstream capital markets. As longstanding financial partners to LMI communities, Community Development Financial Institutions (CDFIs), it would seem, are positioned to play a pivotal role.
Resource
Economic Development, Poverty and Inequality
Incorporating Land Use Planning into Water Efficiency Plans
State of Colorado Water Efficiency Plan Guidance Addendum
Getches-Wilkinson Center for Natural Resources, Energy, and the Environment at the University of Colorado Law School and the Lincoln Institute of Land Policy
January 2019, English
Resource
Water
January 2019, English
Resource
Water
2018 FIR Summary
Financial Innovations to Improve Economic Resiliency in Rural Communities
Center for Impact Finance
March 2018, English
The 2018 Financial Innovations Roundtable was entitled “Financial Innovations to Improve Economic Resiliency in Rural Communities”, and brought together impact investors and community development practitioners to explore the barriers and opportunities for how mission-based financial institutions can support rural communities.
Resource
Economic Development
March 2018, English
The 2018 Financial Innovations Roundtable was entitled “Financial Innovations to Improve Economic Resiliency in Rural Communities”, and brought together impact investors and community development practitioners to explore the barriers and opportunities for how mission-based financial institutions can support rural communities.
Resource
Economic Development
Carsey Perspectives: Innovative Financing for Community Businesses
Eric Hangen
Center for Impact Finance
October 2017, English
Business owners seeking to start or expand a small business have limited options for financing. They can go to a bank for a loan, but they may have trouble qualifying for the loan due to the age of the business, absence of collateral, lack of equity in the business, thin margins, or other factors.
Resource
Economic Development
October 2017, English
Business owners seeking to start or expand a small business have limited options for financing. They can go to a bank for a loan, but they may have trouble qualifying for the loan due to the age of the business, absence of collateral, lack of equity in the business, thin margins, or other factors.
Resource
Economic Development
2017 FIR Summary
Donor Advised Funds as Investors in US Community Development
Center for Impact Finance
March 2017, English
This year’s Roundtable brought together impact investors and community development practitioners to explore the barriers and opportunities to involving donor advised funds as investors in community development
Resource
Economic Development
March 2017, English
This year’s Roundtable brought together impact investors and community development practitioners to explore the barriers and opportunities to involving donor advised funds as investors in community development
Resource
Economic Development
Subscribe to receive the monthly digital edition of our magazine, Land Lines, and occasional announcements.
