Working Paper

Weathering the Great Recession: a CDFI case study in patient capital

Abstract: This working paper looks at the lending performance of one CDFI, the Low Income Investment Fund (LIIF), through the Great Recession. Its authors argue that LIIF?s success weathering the downturn?relative to similarly-sized banks?is the direct result of a ?patient capital? approach to portfolio management unique to the CDFI industry.

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Bibliographic Information

Provider: Federal Reserve Bank of San Francisco

Part of Series: Community Development Working Paper

Publication Date: 2015-08-01

Number: 2015-6