Working Paper
Shifting ground: Can community development loan funds continue to serve the neediest borrowers?
Abstract: Community development financial institutions (CDFIs) are designed to improve economic conditions for low-income individuals and communities by providing a range of financial products and services that often are not available from mainstream lenders and financiers. ; Part I of this paper reviews CDLF origins, structures, and current activities. Part II discusses the field?s historic sources of subsidized capital and why they have shrunk. Part III reviews potential new sources of capital and the organizational ways that CDLFs are responding to their changed environment. The paper concludes with recommendations for CDLFs, funders, and policy makers.
Keywords: Community development; Loans;
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Authors
Bibliographic Information
Provider: Federal Reserve Bank of San Francisco
Part of Series: Community Development Working Paper
Publication Date: 2009
Number: 2009-01