Category: Public Policy

Federal Reserve Bank of San Francisco Releases Brief on Effect of Recession on Low-Income Individuals

Federal Reserve Bank of San Francisco Releases Brief on Effect of Recession on Low-Income Individuals

Taking a closer look at household balance sheets before and after the recession, Emmons and Noeth find that younger, minority and less‐educated families suffered the largest wealth losses during the economic crisis. They use data from the Federal Reserve’s triennial Survey of Consumer Finances (SCF) and find that these households held a large amount of…

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Bridges Ventures launches new Social Impact Bond Fund

Bridges Ventures launches new Social Impact Bond Fund

Bridges Ventures (Bridges) and Big Society Capital have today announced the launch of the Bridges Social Impact Bond Fund. The first of its kind, the fund will invest in charities and social enterprises to deliver programmes designed to improve social outcomes in areas such as education, employment, housing and care for vulnerable young people. The…

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SBA Innovation Chief Sean Greene becomes Entrepreneur in Residence at the Case Foundation

SBA Innovation Chief Sean Greene becomes Entrepreneur in Residence at the Case Foundation

The Case Foundation announced today that Sean Greene has joined the organization as Entrepreneur in Residence. Having spent more than 20 years as an entrepreneur and investor, Mr. Greene most recently served as Associate Administrator for Investment and Special Advisor for Innovation at the U.S. Small Business Administration (SBA). At the SBA, Mr. Greene was…

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The Effect of Dodd-Frank on the Ability of Banks to Invest in CDVC Funds

The Effect of Dodd-Frank on the Ability of Banks to Invest in CDVC Funds

Several of our member funds, as well as some bank investors, have asked us about the effect of the Financial Stability Act of 2010 (“Dodd-Frank”) on the ability of banks to invest in  CDVC funds.  This post answers that question and provides some background. CDVCA worked closely with the bank regulatory agencies—with special thanks to…

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White House Takes Immediate Actions to Help Small Businesses

White House Takes Immediate Actions to Help Small Businesses

Today, the White House released six initiatives to help small businesses and promote jobs.  Most relevant to the CDVC industry is the notice that the White House and Treasury Department are working on regulatory reforms to the New Markets Tax Credit that will facilitate investing in operating businesses. To view the full announcement, click here.

U.S. House Appropriations Committee approves Fiscal Year 2013 Financial Services Appropriations bill

U.S. House Appropriations Committee approves Fiscal Year 2013 Financial Services Appropriations bill

The House Appropriations Committee approved the fiscal year 2013 Financial Services and General Government Appropriations bill.  The bill recommends $221 million for the Community Development Financial Institutions (CDFI) Fund, matching the FY 2012 budget and President Obama’s request for FY 2013. For more information on the bill, visit their website at www.appropriations.house.gov/news/documentsingle.aspx?DocumentID=300204  

CDFI Fund seeks public comment on New Markets Tax Credit Allocation Tracking System

CDFI Fund seeks public comment on New Markets Tax Credit Allocation Tracking System

The U.S. Department of the Treasury is seeking general public comment on the New Markets Tax Credit (NMTC) Allocation Tracking System.  The CDFI Fund particularly invites comment on the following areas: a) whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have…

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U.S. Senate Subcommittee on Financial Services and General Government has released their Fiscal Year 2013 spending bill

U.S. Senate Subcommittee on Financial Services and General Government has released their Fiscal Year 2013 spending bill

The U.S. Senate Subcommittee on Financial Services and General Government has released their Fiscal Year 2013 spending bill. The subcommittee bill provides $233 million for the CDFI Fund, an increase of $12 million (5.4%) above the fiscal year 2012 enacted level. For more information on the bill, visit the Senate website at www.appropriations.senate.gov/news.cfm?method=news.view&id=2cdf805f-d0fe-41e2-83d3-dc33b0f4e8f4.

CDFI Fund releases public comments submitted for the Community Development Financial Institutions (CDFI) program application

CDFI Fund releases public comments submitted for the Community Development Financial Institutions (CDFI) program application

CDFI Fund released comments submitted for the Community Development Financial Institutions (CDFI) program application, including those provided by CDVCA. For more information, and to view the comments, visit the CDFI Fund website at www.cdfifund.gov/news_events/CDFI-2012-18-CDFI-Fund-Releases-Public-Comments-Submitted-for-the-Community-Development-Financial-Institutions-Program-Application.asp