Democratizing Finance

Democratizing Finance

Author: Clifford N. Rosenthal

Publisher: FriesenPress

Published: 2018

Total Pages: 544

ISBN-13: 152553663X

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Decades before Occupy Wall Street challenged the American financial system, activists began organizing alternatives to provide capital to “unbankable” communities and the poor. With roots in the civil rights, anti-poverty, and other progressive movements, they brought little training in finance. They formed nonprofit loan funds, credit unions, and even a new bank—organizations that by 1992 became known as “community development financial institutions,” or CDFIs. By melding their vision with that of President Clinton, CDFIs grew from church basements and kitchen tables to number more than 1,000 institutions with billions of dollars of capital. They have helped transform community development by providing credit and financial services across the United States, from inner cities to Native American reservations. Democratizing Finance traces the roots of community development finance over two centuries, a history that runs from Benjamin Franklin, through an ill-starred bank for African American veterans of the Civil War, the birth of the credit union movement, and the War on Poverty. Drawn from hundreds of interviews with CDFI leaders, presidential archives, and congressional testimony, Democratizing Finance provides an insider view of an extraordinary public policy success. Democratizing Finance is a unique resource for practitioners, policymakers, researchers, and social investors.


The Community Development Financial Institutions Fund

The Community Development Financial Institutions Fund

Author: Andre L. Wright

Publisher: Nova Science Publishers

Published: 2013

Total Pages: 0

ISBN-13: 9781624175510

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As communities face a variety of economic challenges, some are looking to local banks and financial institutions for solutions that address the specific development needs of low-income and distressed communities. Community development financial institutions (CDFIs) provide financial products and services, such as mortgage financing for homebuyers and not-for-profit developers, underwriting and risk capital for community facilities; technical assistance; and commercial loans and investments to small, start-up, or expanding businesses. CDFIs include regulated institutions, such as community development banks and credit unions, and non-regulated institutions, such as loan and venture capital funds. This book describes the Fund's history, current appropriations, and each of its programmes.


Democratizing Finance

Democratizing Finance

Author: Clifford N. Rosenthal

Publisher: FriesenPress

Published: 2018

Total Pages: 544

ISBN-13: 1525536621

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Decades before Occupy Wall Street challenged the American financial system, activists began organizing alternatives to provide capital to “unbankable” communities and the poor. With roots in the civil rights, anti-poverty, and other progressive movements, they brought little training in finance. They formed nonprofit loan funds, credit unions, and even a new bank—organizations that by 1992 became known as “community development financial institutions,” or CDFIs. By melding their vision with that of President Clinton, CDFIs grew from church basements and kitchen tables to number more than 1,000 institutions with billions of dollars of capital. They have helped transform community development by providing credit and financial services across the United States, from inner cities to Native American reservations. Democratizing Finance traces the roots of community development finance over two centuries, a history that runs from Benjamin Franklin, through an ill-starred bank for African American veterans of the Civil War, the birth of the credit union movement, and the War on Poverty. Drawn from hundreds of interviews with CDFI leaders, presidential archives, and congressional testimony, Democratizing Finance provides an insider view of an extraordinary public policy success. Democratizing Finance is a unique resource for practitioners, policymakers, researchers, and social investors.


Community Development Financial Institutions (CDFI) Fund

Community Development Financial Institutions (CDFI) Fund

Author: Sean Lowry

Publisher:

Published: 2014

Total Pages:

ISBN-13:

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This report begins by describing the Community Development Financial Institutions Fund's history, current appropriations, and each of its programs. The next section analyzes four policy considerations of congressional interest regarding the Fund and the effective use of federal resources to promote economic development. Lastly, this report examines the Fund's programs and management to see if they represent an effective and efficient government effort to promote economic development in low-income and distressed communities.


Research Handbook on Community Development

Research Handbook on Community Development

Author: Rhonda Phillips

Publisher: Edward Elgar Publishing

Published: 2020-04-24

Total Pages: 512

ISBN-13: 1788118472

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This timely Research Handbook offers new ways in which to navigate the diverse terrain of community development research. Chapters unpack the foundations and history of community development research and also look to its future, exploring innovative frameworks for conceptualizing community development. Comprehensive and unequivocally progressive, this is key reading for social and public policy researchers in need of an understanding of the current trends in community development research, as well as practitioners and policymakers working on urban, rural and regional development.


Politics, Power and Community Development

Politics, Power and Community Development

Author: Meade, Rosie

Publisher: Policy Press

Published: 2016-01-13

Total Pages: 276

ISBN-13: 1447317408

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The increasing impact of neoliberalism across the globe means that a complex interplay of democratic, economic and managerial rationalities now frame the parameters and practices of community development. This book explores how contemporary politics, and the power relations it reflects and projects, is shaping the field today. This first title in the timely Rethinking Community Development series presents unique and critical reflections on policy and practice in Taiwan, Australia, India, South Africa, Burundi, Germany, the USA, Ireland, Malawi, Ecuadorian and Peruvian Amazonia and the UK. It addresses the global dominance of neoliberalism, and the extent to which practitioners, activists and programmes can challenge, critique, engage with or resist its influence. Addressing key dilemmas and challenges being navigated by students, academics, professionals and activists, this is a vital intellectual and practical resource.


Financing Low Income Communities

Financing Low Income Communities

Author: Julia Sass Rubin

Publisher:

Published: 2007-11-15

Total Pages: 352

ISBN-13:

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Access to capital and financial services is crucial for healthy communities. However, many impoverished individuals and neighborhoods are routinely ignored by mainstream financial institutions. This neglect led to the creation of community development financial institutions (CDFIs), which provide low-income communities with financial services and act as a conduit to conventional financial organizations and capital markets. Edited by Julia Sass Rubin, Financing Low-Income Communities brings together leading experts in the field to assess what we know about the challenges of bringing financial services and capital to poor communities, map out future lines of research, and propose policy reforms to make these efforts more effective. The contributors to Financing Low-Income Communities distill research on key topics related to community development finance. Daniel Schneider and Peter Tufano examine the obstacles that make saving and asset accumulation difficult for low-income households—such as the fact that tens of millions of low-income and minority adults don't have a bank account—and consider solutions, like making it easier for low-wage workers to enroll in 401(K) plans. Jeanne Hogarth, Jane Kolodinksy, and Marianne Hilgert review evidence showing that community-based financial education programs can be effective in changing families' saving and budgeting patterns. Lisa Servon proposes strategies for addressing the challenges facing the microenterprise field in the United States. Julia Sass Rubin discusses ways community loan and venture capital funds have adapted in response to the decreased availability of funding, and considers potential sources of new capital, such as state governments and public pension funds. Marva Williams explores the evolution and recent performance of community development banks and credit unions. Kathleen Engel and Patricia McCoy document the proliferation of predatory lenders, who market loans at onerous interest rates to financially vulnerable families and the devastating effects of such lending on communities—from increased crime to falling home values and lower tax revenues. Rachel Bratt reviews the policies and programs used to make rental and owned housing financially accessible. Rob Hollister proposes a framework for evaluating the contributions of community development financial institutions. Despite the many accomplishments of CDFIs over the last four decades, changing political and economic conditions make it imperative that they adapt in order to survive. Financing Low-Income Communities charts out new directions for public and private organizations which aim to end the financial exclusion of marginalized neighborhoods.


Community Economic Development in the United States

Community Economic Development in the United States

Author: James L. Greer

Publisher: Springer

Published: 2016-10-29

Total Pages: 224

ISBN-13: 1349698105

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This is the first scholarly analysis that examines the development and achievements of the American community development movement. Community development is now a multi-billion industry in the US. Hundreds of Community Development Financial Institutions (CDFIs), located in all regions of the country, have successfully forged locally-based strategies that provide affordable housing, foster business development, and provide much needed community facilities, including innumerable charter schools, in highly distressed communities in inner city neighborhoods, rural communities, and also in American Indian areas. In many areas of the US, CDFIs represent a viable alternative to the mainstream banking industry. This volume documents the positive impact the CDFI industry has had in distressed urban and rural areas in the US.


Politics, Power and Community Development

Politics, Power and Community Development

Author: Meade, Rosie

Publisher: Policy Press

Published: 2016-01-13

Total Pages: 276

ISBN-13: 1447317378

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Politics, Power and Community Development, the first book in a new series, Rethinking Community Development, offers unprecedented critical reflections on policy and practice relating to community development in the United States, Taiwan, Australia, India, South Africa, Germany, Ecuador, Peru, and other nations. Addressing the global dominance of neoliberalism, the contributors consider the extent to which practitioners, activists, and policy makers can challenge, critique, or resist its influence.