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Journal Article
Center for community self-help
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
Fed Governors See Cameron Park Colonia Firsthand
Federal Reserve Governors Susan Bies and Ben Bernanke recently visited with the Community Development Corporation of Brownsville and toured the Cameron Park colonia to learn more about affordable housing development in Texas colonias. They also met with a small business owner who received a loan from ACCION Texas, the country's largest microlender.
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 ...
Journal Article
Case study from application to construction: Clearinghouse CDFI puts new markets tax credits to work
Two Community Development Financial Institutions share their stories of how they created CDEs and successfully applied to the CDFI Fund for NMTCs. Both financed innovative projects with their tax credits. In these two articles, they share their experiences and lessons learned in applying for and using tax credits to make community-enhancing investments.
Journal Article
Case study from application to construction: lenders for community development put new markets tax credits to work
Two Community Development Financial Institutions share their stories of how they created CDEs and successfully applied to the CDFI Fund for NMTCs. Both financed innovative projects with their tax credits. In these two articles, they share their experiences and lessons learned in applying for and using tax credits to make community-enhancing investments.
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.