City First Bank Awarded $75 Million New Markets Tax Credit Allocation by CDFI Fund

City First Bank is proud to announce that it has been selected by the Community Development Financial Institutions Fund (CDFI Fund) to receive a $75 million New Markets Tax Credit (NMTC) allocation.
Next City

A St. Paul CDFI Is Now Offering Net Zero Banking. Here’s How It Works.

This is your first of three free stories this month. Become a free or sustaining member to read unlimited articles, webinars and ebooks. Once an outdoor educator, Laura Wildenborg spent 10 years ...
Next City

The Bronx CDFI Bank Championing Puerto Rican Entrepreneurs

Thanks to an SBA loan through Ponce Bank, Daniel Garcia, owner of the Caribbean food service company Salsa Caterers and Special Events, acquired an industrial building in the Bronx to expand his ...
The Times Herald

Chester County Economic Development Council receives certification

The Chester County Economic Development Council has been certified by the US Treasury Department as a Community Development ...
Crain's Cleveland Business

KeyBank to award special $200,000 grants to CDFIs, including six in Ohio

The KeyBank Foundation has unveiled a special grant program for Community Development Financial Institutions (CDFIs) totaling $5.4 million in awards in honor of the bicentennial celebration of its ...
Seeking Alpha

Ponce Bank receives $3.7 million grant as part of CDFI Equitable Recovery Program

NEW YORK, April 17, 2023 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc. (PDLB),, the holding company for Ponce Bank (the “Bank”), today announced that the Bank has been awarded a $3.7 million grant ...
Crain's Cleveland Business

Ohio's community lenders grapple with ongoing CDFI Fund uncertainty

The future of the federal Community Development Financial Institutions (CDFI) Fund remains embroiled in politics and uncertainty that’s trickling down to the community lenders that rely on it as a ...
American Banker

Trump admin lets bank CDFI program wither on the vine

WASHINGTON — Funding for a key program that helps banks do community-focused lending is idling, and shows little sign of being deployed, as the Trump administration continues to eye the community ...
Business Insider

Clearinghouse CDFI Receives $1.1 Million Investment from Comerica Bank

LAKE FOREST, Calif., July 28, 2020 /PRNewswire-PRWeb/ -- Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced today a $1.1 million equity investment from Comerica ...
American Banker

Crapo, Warner double down on CDFI support

Sen. Mark Warner, D-Va., left, and Sen. Mike Crapo, R-Idaho, co-chairs of the Community Development Financial Institution caucus. WASHINGTON — A group of bipartisan senators urged Treasury Secretary ...
Yahoo

Future Of CDFI Fund And MBDA, Uncertain With Their Planned Ouster

Add Yahoo as a preferred source to see more of our stories on Google. "Family Food Delivery - stock photo Over the shoulder view of a mature woman delivering a box full of fresh vegetables to an ...