Posts Tagged ‘CDFI’
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 February 25th, 2010 | by James R. Klein
On February 19th I participated in a conference call in which senior Treasury officials provided remarks preceding a press release and fact sheet further supporting the inclusion of a New Markets Tax Credit program extension for 2010 & 2011 in the President’s proposed budget. “As part of the Administration’s strategy to restore prosperity and create [...]
Tags: CDFI, CDFI Coalition, collaboration, Community Development Entities, Community Development Finance Institution, economic challenges, Finance Fund, James Klein, Low Income Community, New Markets Tax Credit, NMTC, President Barack Obama, stimulus, tax credits, US Treasury Department
Posted in New Markets Tax Credit | No Comments »
written on February 11th, 2010 | by James R. Klein
On Wed., Feb. 3, Secretary of the Treasury Timothy Geithner announced that CDFI (Community Development Financial Institution) banks, thrifts and credit unions may now access funds from the Troubled Asset Relief Program (T.A.R.P.). This is part of the Obama Administration’s movement to support business lending by community development banks and development credit unions.
Mark Pinsky, President [...]
Tags: CDFI, CDFI Coalition, Commentary, Community Development Entities, Finance Fund, James Klein, President Barack Obama, TARP
Posted in Uncategorized | 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 November 5th, 2009 | by James R. Klein
Finance Fund has been “hanging around” Ohio for twenty some years and has provided some tangible value to distressed communities and inspired changes that, but for its presence, would not have happened. Ohio is proud of what Finance Fund has done but continues to ask the question “Is this all you can do?” It is [...]
Tags: CDFI, Finance Fund, New Markets, New Markets Tax Credit
Posted in Uncategorized | 5 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 September 17th, 2009 | by James R. Klein
Editor’s Note: This post is from Valerie Heiby, our Director of Development.
We have all heard how market conditions and increased competition have affected the health of Ohio’s community banking sector and the quality and availability of banking products and services. But in this economy, it’s imperative to find new ways to do business. Investing in [...]
Tags: CDFI, Community Development Finance Institution, Finance Fund, New Markets Tax Credit
Posted in Uncategorized | 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 »
written on April 14th, 2009 | by James R. Klein
Every few years Finance Fund has taken an informal look at the “Low Income Community” market by soliciting input from groups of stakeholders and using the information to inform strategies, work planning, and product development. The drive is to always play to what the market needs and tailor resource offerings around that center.
With the implementation [...]
Tags: CDFI, Center for Economic Development, Center for Housing Policy Research, Cleveland State University, Community Development Finance Institution, FCAP, Finance Fund, Finance Fund Capital Corporation, Maxine Goodman Levin College of Urban Affairs, State of Ohio
Posted in CDFI | No Comments »
