Latest News
Community Reinvestment Fund
Matthew Roth, president and CEO of Community Reinvestment Fund, USA, and Alexis Dishman, the CDFI's EVP and small-business chief lending officer, wrote that loan participations let CDFIs expand their balance sheets while "the borrower receives the full amount of capital requested without bumping against any single institution's lending limits or liquidity constraints." They pointed to Partners for the Common Good, a Washington, D.C.-based loan fund that created the CDFI sector's first loan...
Roll Call
The House passed the Senate's continuing resolution 370-48 on Sept. 1, funding the federal government through Dec. 11 and sending the bill to the president. The measure also delays until Dec. 11 an Office of Management and Budget rule rewriting that would give it discretion on the administration of federal grants appropriated by Congress.
CDFinance Policy
American Banker
Federal regulators on Aug. 25 rescinded guidance that had encouraged lenders to use programs created by the Equal Credit Opportunity Act to reach historically disadvantaged groups. The administration’s guidance said the special purpose credit programs were discriminatory. American Banker noted that large banks saw the writing on the wall months ago and had already started pulling back involvement in the programs. “This was almost a housekeeping matter,” said one observer. “We were waiting for...
U.S. Government Accountability Office
The Government Accountability Office found that the Opportunity Zone tax incentive has primarily funded real estate development in urban tracts that already had infrastructure and community support. Most states were unsure what effect the investment had, though about 20% cited increased job creation and housing. Qualified Opportunity Funds held more than $108 billion in assets at the end of 2024, and the 2025 law that made the incentive permanent narrowed eligibility, added reporting...
