Welcome to the Finance Fund Blog!
Community development leaders from across the nation gathered at the CDFI Coalition Institute Conference in Washington, D.C. to discuss federal policy issues facing CDFIs including the impact of sequestration, the President’s FY 2014 Budget and tax reform under discussion in Congress.
”As we express our gratitude, we must never forget that the highest appreciation is not to utter words, but to live by them.” John F. Kennedy Thank you for your support of Finance Fund and our mission to bring economic vitality to underserved communities. I am grateful to our funders, partners, clients, staff members, legislators [...]
Attending groundbreaking events is a favorite aspect of my work at Finance Fund. Today, I traveled to Zanesville to kick-off construction of the Muskingum Recreation Center – a long-awaited community health and fitness facility that will drive jobs and economic development to the area. When it comes to financing projects such as this one, Finance [...]
James Klein, Finance Fund CEO, has been elected to a seat on the Executive Committee of the New Markets Tax Credit Coalition (NMTCC). The 48-seat board is comprised of members from leading organizations that utilize NMTC, lending institutions, investors, and business professionals. Klein’s duties include advising on policy and regulatory issues that affect the use [...]
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 [...]
We all come naked from the womb, but most of us do not stay that way. Yet again I am amazed at the rhetoric flying about the airwaves and the halls of congress concerning the Shangri-La or inferno of revamping the U.S. health care system. It’s not the topic that is disconcerting but how the [...]
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 [...]
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 [...]
Media around the world is focused on the U.S bail out. I know this as a fact, sitting in a hotel room in Venice hearing CNN, CNBC, BBC, & SKY News spend significant time on bonuses paid with stimulus money. In the Congress we now have hearings on who knew what about who all of [...]
An article in last week’s Columbus Dispatch solicited comment from the Ohio Congressional delegation about the federal stimulus package. I found it to be an interesting piece that left me with a strange feeling of despair.
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