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Community Development Capital Initiative

From Wikipedia, the free encyclopedia

The Community Development Capital Initiative (CDCI) was a 2010 United States Treasury initiative that invested $570 million in small banks and credit unions as part of the Troubled Asset Relief Program (TARP) bailout. Eligible institutions had to be designated community development financial institutions (CDFI's).[1][2] CDFI's attempt to make 60 percent of their loans to underserved communities. In exchange, they are eligible for special federal capital assistance.

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References

  1. ^ White, Sammis B.; Zenia Z. Kotval (2012). Financing Economic Development in the 21st Century. M.E. Sharpe. pp. 222–223. ISBN 9780765636515.
  2. ^ Warren, Elizabeth (2011). Assessing the TARP on the Eve of Its Expiration. DIANE Publishing. p. 56. ISBN 9781437940305.
This page was last edited on 4 February 2024, at 16:55
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