Social Impact Bonds (Pay for Success) offer an attractive alternative to the status quo of paying for programs instead of results. Despite our best efforts, the poverty rate today is roughly what it was when the War on Poverty began…
Taking a closer look at household balance sheets before and after the recession, Emmons and Noeth find that younger, minority and lessâ€educated families suffered the largest wealth losses during the economic crisis. They use data from the Federal Reserve’s triennial…
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…
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…
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-Frankâ€) on the ability of banks to invest in  CDVC funds.  This post answers that question…
The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund opened the 2012 round of competition under the New Markets Tax Credit (NMTC) Program. For more information, visit the CDFI Fund  website at www.cdfifund.gov
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…
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…
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 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.…