Archive for the ‘CDFI’ Category
written on May 4th, 2010 | by James R. Klein
On Wed., April 21, we proudly hosted several state legislators, community leaders and Finance Fund project partners at the Capital Club in downtown Columbus. It was an excellent opportunity to share how Finance Fund has positively impacted some of the state’s most distressed communities.
We highlighted four partnership “success stories,” including Ohio Basic Minerals in Jackson; [...]
Tags: CDFI, Community Development Finance Institution, Early Child Development, Finance Fund, Jobs, New Markets Tax Credit, NMTC, Ohio General Assembly, State of Ohio, US Treasury Department
Posted in CDFI, Child Care, Community Development, Finance Fund Partnerships, New Markets Tax Credit, Uncategorized | No Comments »
written on March 16th, 2010 | by James R. Klein
For much of the past decade we at Finance Fund, continue to strategize about how to address the problem of stability in resource generation and flexibility in capital deployment. Numerous meetings, workgroups and consultants have always led us back to the same place – more assets mean more resources for those in need.
We are characteristically [...]
Posted in CDFI, Finance Fund Partnerships, Leadership and Management | No Comments »
written on March 11th, 2010 | by James R. Klein
Last week I attended the CDFI (Community Development Financial Institution) Institute held in Washington, DC. The Institute is “the” meeting for the various parts of the CDFI industry. It is put on by the CDFI Coalition which provides opportunity for CDFIs and their many partners, including the full spectrum of community development finance funders and [...]
Posted in CDFI, Community Development, Finance Fund Partnerships, Leadership and Management | No Comments »
written on January 8th, 2010 | by James R. Klein
Adversity is the first path to truth. (Lord Byron)
In the midst of clamor, distress, insecurity, and despair, 2009 was a good year for Finance Fund though it was, by most accounts, unique and demanding. William Shakespeare said “Is it not strange that desire should so many years outlive performance?” If 2009 were to judge us [...]
Tags: CDFI, Finance Fund, Ogden Nash, William Shakespeare
Posted in CDFI, Commentary | No Comments »
written on October 30th, 2009 | by James R. Klein
This is a pretty important day in the history of Finance Fund. We learned this morning that we have been awarded $50 million in New Markets Tax Credits from the CDFI Fund in the U.S. Department of Treasury. The funding will be used to offer low-interest financing for projects that revitalize both urban and rural low-income [...]
Tags: CDFI, CDFI Coalition, Community Development Entities, Community Development Finance Institution, Congress, Finance Fund, James Klein, Jobs, Low Income Community, New Markets Tax Credit, NMTC, State of Ohio, stimulus, tax credits, US GAO, US Treasury Department
Posted in CDFI, Community Development, New Markets Tax Credit | 2 Comments »
written on July 2nd, 2009 | by James R. Klein
He does exist! I’m back from DC and am pleased with our activities while there.
The week included two NMTC conferences (Novogradac and NMTC Coalition), a NMTC Coalition Board meeting, a couple of media interviews (Cleveland Plain Dealer and Wall Street Journal), a panel presentation at the Coalition conference, a fundraising breakfast with Rep. Richard [...]
Posted in CDFI, Commentary | No Comments »
written on June 18th, 2009 | by James R. Klein
As my week in DC is winding up I wanted to share some exciting information with you.
The morning of June 17th, I sat eagerly listening to Chairman Bernanke give a speech that substantially focused on Community Development Financial Institutions (CDFI). Please check out the Chairman’s speech, as he gives his thoughts about CDFI lenders and [...]
Posted in CDFI, Commentary | No Comments »
written on June 15th, 2009 | by James R. Klein
I begin today with two days at the Novogradic New Markets Tax Credit Conference talking about current hot button issues in the industry.
The most prevalent is the recently release GAO report “Minority Entities Are Less Successful in Obtaining Awards Than Non-Minority Entities” that attempts to identify reasons for the lack of success. I have some [...]
Tags: Casey, CDFI Coalition, Child Care Facilities Act, Community Development Finance Institution, Congress, McCarthy, New Markets Tax Credit, NMTC, Novagradic, Rapoza, Tiberi
Posted in CDFI, Child Care, New Markets Tax Credit | No Comments »
written on April 17th, 2009 | by James R. Klein
In yesterday’s USA Today, this story appeared. It is worth sharing in full.
Stimulus money gives a boost to small start-ups
By Sue Kirchhoff, USA TODAY
LANCASTER, Pa. — The Community First Fund has spent 17 years proving that lending to poor people is good business. It may soon get millions of dollars in fresh capital to help [...]
Tags: CDFI, Community First Fund, Congress, Finance Fund, Opportunity Finance Network, USA Today
Posted in CDFI | No Comments »
written on April 15th, 2009 | by James R. Klein
I like my chair and have had it for some time. It wasn’t a frivolous acquisition but took a good deal of forethought and decisive action to obtain. It sits in a sunny area of the back room of my home and is perfect for relaxing and reading. Though it is appropriately worn, it fits [...]
Tags: CDFI, Federal Home Loan Bank, FHLB, Finance Fund, Finance Fund Capital Corporation
Posted in CDFI | No Comments »
