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Journal Article
The Northwest Side Community Development Corporation: transforming the approach to creating positive economic impact in distressed communities
From the late 1970s until about 2002,Milwaukee, Wisconsin, was home to a half dozen or so very active community development corporations ? earnest organizations staffed with dedicated individuals who used federal and state funds to try to improve economically depressed neighborhoods by purchasing distressed properties, rehabilitating them, and then either selling or renting them to qualified, low-income families or local businesses. This effort mirrored what was happening in the rest of the country. According to a 2005 survey by the National Congress of Community.
Journal Article
Investor perspective: how to invest in NMTCs
Wells Fargo Bank has over $1 billion in its community investment portfolio and is one of the country?s leading investors in NMTC. This article is a practical analysis of how to target and underwrite NMTC investments.
Journal Article
NCIF annual development banking conference: The CDFI banking industry – raising the bar for mission and profit
The National Community Investment Fund (NCIF) held its Annual Development Banking Conference on November 2 and 3, 2011, at the Federal Reserve Bank of Chicago. The conference brought together 160 CEOs, investors, regulators, and other stakeholders from the Community Development Financial Institution (CDFI) banking industry to share knowledge and discuss issues around the theme of ?Mission and Profit: Raising the Bar.? There were seven panels over two days that centered on topics addressing how these institutions can continue to serve their community development mission while operating in an ...
Journal Article
Recycling urban vacant land inch by inch, row by row: neighbors reclaim neighborhoods
Vacant, abandoned, and contaminated properties in urban areas can provide opportunities for neighborhood transformation- even new jobs. Examples in the Northeast show that sometimes all it takes to get the ball rolling is a group of visionary gardeners.
Journal Article
Neighborhood housing dervices of Chicago homeownership preservation iinitiative
On Wednesday, September 3, 2003, the Federal Reserve Bank of Chicago hosted a breakfast meeting at which Neighborhood Housing Services (NHS) of Chicago made a presentation on the progress of HOPI, the Home Ownership Preservation Initiative. HOPI, officially launched in April of 2003, is a partnership between the City of Chicago, NHS and key financial institutions who conduct business in Chicago, including General Motors Acceptance Corporation?Residential Funding Corporation (GMAC-RFC), Chase Manhattan Mortgage Corp., Bank One Corp., LaSalle Bank, Harris Trust and Savings Bank, Bank of America ...