Community Development Bankers Association

The Community Development Bankers Association, Inclusiv, and the National Bankers Association are hosting a special webinar, “Educational Webinar on Funding, Liquidity, and Capital Resources for ECIP CDFIs & MDIs." *Exclusively for ECIP Institutions with the U.S. Department of the Treasury/ECIP participation. The 90-minute webinar on October 17th at 2 pm ET, will address liquidity, capital, and balance sheet management challenges and offer three sets of solutions that can serve as models from financial market leaders focused on the CDFI and MDI depository industry. We hope the presentations will generate a substantive discussion of the liquidity and capital issues and potential solutions among the presenters and the ECIP institutions. ‣ What:  Educational Webinar on Funding, Liquidity & Capital Resources for ECIP CDFIs & MDIs ‣ When: Thursday, October 17, 2024, 2:00 PM – 3:30 PM EST ‣ Hosted by:  CDBA, NBA, and Inclusiv  ‣ Register here: https://lnkd.in/dXc-PmcR

For CDFI banks and mission-driven organizations, having a clear Impact Strategy and the right metrics in place is critical to maximizing the positive outcomes we strive for in our communities. This series will provide valuable tools for aligning activities with long-term goals and driving lasting impact.

Join us for an important webinar on funding, liquidity, and capital resources, co-hosted by the Community Development Bankers Association, Inclusiv, and the National Bankers Association! Educational Webinar: Funding, Liquidity & Capital Resources for ECIP CDFIs & MDIs 🗓️ Date: October 17, 2024 🕑 Time: 2:00 PM – 3:30 PM ET 💻 Location: Virtual (link provided upon registration) Exclusively for ECIP-participating institutions, this 90-minute session will explore liquidity, capital, and balance sheet management challenges. Gain insights from financial leaders offering innovative solutions tailored to the CDFI and MDI depository industry. Speakers include: - Jessica Milano, Chief Program Officer, Office of Capital Access, U.S. Department of the Treasury - Steven Davidson CFA, Investment Director, ECIP - Experts from Mission Driven Bank Fund, Bank of America’s MDI/CDFI Bank Deposit Program, and Morgan Stanley Investment Management’s Calvert Mortgage Access Fund Don't miss out on this opportunity to engage with industry leaders and explore practical strategies for addressing liquidity and capital needs. Register today at: https://lnkd.in/dBTcZRsQ

It's Time to Start Preparing for the FY 2024-2025 NMTC Allocation Round The New Markets Tax Credit (NMTC) Program will soon open its next round, with $10 billion in Allocation Authority available for CYs 2024 and 2025. Here's what you need to know to prepare: ✅ Application Registration: Once the round opens, be sure to complete the Application Registration in AMIS by the deadline. ✅ CDE Certification: If you're not yet certified, submit your CDE Certification application by October 18, 2024 to be eligible. ✅ Stay Informed: Subscribe to CDFI Fund email updates to get notified when the application round officially opens. More details and resources are available on the CDFI Fund website: https://lnkd.in/dYAzR9uS

The Community Development Bankers Association was honored to attend the U.S. Department of the Treasury’s roundtable on September 25th, focused on how financial institutions can better serve small businesses, particularly women-owned and minority-owned enterprises. As mission-driven institutions, CDFIs play a critical role in ensuring access to capital for historically underserved communities. This discussion, led by Deputy Assistant Secretary Jeanette Quick, addressed the unique challenges small businesses face in accessing capital and explored potential solutions for fostering a more inclusive and competitive marketplace. We believe CDFIs are at the forefront of addressing these disparities, providing the financial services needed to create equitable opportunities for small businesses to thrive. Thank you to the Treasury for facilitating this important dialogue. #CDFI #SmallBusinessFinance #InclusiveEconomy #WomenOwnedBusinesses #MinorityOwnedBusinesses #CommunityDevelopment

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded $60 million in Financial Assistance (FA) to 43 community development banks and bank holding companies through the FY 2024 CDFI Program and Native American CDFI Assistance (NACA) Program. Of the total $408.2 million in awards this year, 37 CDBA members received 91% of the funding allocated to depository institutions, with 11 members receiving their first FA awards. In addition, $43.2 million NACA Program awards were disbursed to 25 CDFI organizations, and eight Native CDFIs received $4 million in PPC-FA awards. This includes two banks, both of which are CDBA members. This funding will enable mission-driven banks to continue delivering essential capital and financial services, supporting small business lending, affordable housing, and revitalization efforts in underserved communities. CDBA member banks are driving long-term economic resilience and laying the groundwork for sustained growth in communities across the country. Learn more about how CDBA members are making an impact: www.cdbanks.org. #EconomicOpportunity #CDFIFund #CommunityDevelopment #FinancialInclusion

Our CEO, Jeannine Jacokes, participated in a key conversation at the Clinton Global Initiative on the future of mission-driven capital. As the Community Development Financial Institutions Fund (CDFI Fund) celebrates 30 years, this dialogue reinforced the vital role CDFIs play in driving investment to underserved communities and building a stronger, more inclusive economy. 

As we commemorate 30 years of the Community Development Financial Institutions Fund (CDFI Fund), we reflect on the incredible impact it has had on underserved communities across the nation. In our office hangs a signed copy of the Riegle Act—the historic legislation that established the CDFI Fund, authorized in 1994. This copy was gifted to our CEO, Jeannine Jacokes, by Sen. Don Riegle, who was serving as Chairman of the Senate Banking Committee at the time, in recognition of her role as lead Senate staff on the CDFI Fund’s authorizing statute. It stands as a powerful reminder of the vision and leadership that brought the CDFI Fund into existence and the transformative work it has enabled. Since its creation, the CDFI Fund has awarded more than $3.8 billion in grants, loans, and equity investments, helping create jobs, build affordable housing, and promote economic growth. Through this partnership, CDBA and its member banks, which began in 2002, have leveraged these resources to extend critical financial services to communities historically excluded from the financial system. The Fund’s support has enabled mission-driven banks to direct billions of dollars back into disenfranchised communities, creating real and lasting change. As we look to the future, CDBA remains committed to expanding access to capital and empowering underserved communities, ensuring that the next 30 years of the CDFI Fund are as impactful as the first. #CDFIFund #CommunityDevelopment #FinancialInclusion #EconomicOpportunity #Leadership

As we approach the 30th anniversary of the Community Development Financial Institutions Fund (CDFI Fund), we wanted to reflect on how crucial this program has been in driving economic inclusion and financial equity across our nation.  The founding of the Community Development Bankers Association (CDBA) in 2001 was a direct response to the need for greater support for mission-driven banks serving low-income and underserved communities. And, with the support of the CDFI Fund, our member banks have been able to provide the capital, services, and resources necessary to reach underserved people, promote equity, and spur economic development and resilience in areas often left behind by traditional finance. Looking to the future, CDBA remains dedicated to advancing the goals of the CDFI Fund. We are committed to continuing our work with policymakers and stakeholders to ensure that mission driven banks have the resources they need to serve the people and places that need them most. As we celebrate this important milestone, we’d like to share a message from Secretary of the Treasury Janet Yellen, who recently highlighted the lasting impact of the CDFI Fund. Read her full statement here ---> https://lnkd.in/dsXmyRHy As we continue to move forward, CDBA will remain a steadfast advocate for the CDFI Fund’s mission, working to build a more inclusive financial system that benefits all. Thank you for your continued partnership and support as we work to expand opportunities for those who need them most.

CDFI Fund announces FY 2024 Bank Enterprise Awards (BEA) recipients. Treasury awarded more than $40 million in total to CDFI banks. In this funding round: - 98% of available dollars went to certified CDFIs. - Of the 171 CDFI banks that received awards, 89 (52%) were CDBA members. - 63% of CDBA members received the maximum grant of $280,369. - The average award size was $234,357. The average award size to CDBA members was $244,896. Congratulations! Your hard work has made a difference, and it's crucial to keep advocating for continued funding for the CDFI Fund and BEA programs to ensure the future success of CDFI banks. Read more at ---> https://lnkd.in/eTnz9jc9