Community_Development_Capital_Initiative Knowpia

The Community Development Capital Initiative (CDCI) was a 2010 United States Treasury initiative that invested $570 million in small banks and credit unions as part of the Troubled Asset Relief Program (TARP) bailout. Eligible institutions had to be designated community development financial institutions (CDFI's).^[1]^[2] CDFI's attempt to make 60 percent of their loans to underserved communities. In exchange, they are eligible for special federal capital assistance.

References edit

^ White, Sammis B.; Zenia Z. Kotval (2012). Financing Economic Development in the 21st Century. M.E. Sharpe. pp. 222–223. ISBN 9780765636515.
^ Warren, Elizabeth (2011). Assessing the TARP on the Eve of Its Expiration. DIANE Publishing. p. 56. ISBN 9781437940305.

[1] White, Sammis B.; Zenia Z. Kotval (2012). Financing Economic Development in the 21st Century. M.E. Sharpe. pp. 222–223. ISBN 9780765636515.

[2] Warren, Elizabeth (2011). Assessing the TARP on the Eve of Its Expiration. DIANE Publishing. p. 56. ISBN 9781437940305.

[1]

[2]

Summary

References edit