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  • will be meetihg with Kirsten Moy, the President's nominee to head the Community Development Financial. Institutions Fund (CDFI Fund) at 10:30 am for twenty minutes. This is mainly a courtesy call. Paul Dimond and' I will already have met with her for one hour
  • CDFI [Community Development Financial Institutions]
  • CDFIs [Community Development Financial Institutions] [1]
  • CDFIs [Community Development Financial Institutions] [2]
  • CDFIs [Community Development Financial Institutions] [3]
  • CDFIs [Community Development Financial Institutions] [4]
  • CDFIs [Community Development Financial Institutions] [5]
  • CDFI [Community Development Financial Institution] ’94: Nations Bank and Bank of America
  • have proven their ability to identify and respond to community needs for equity investments, loans, and development services. (b) PURPOSE. - The purpose of this subtitle is to create a Community Development Financial Institutions Fund to promote
  • CDFI [Community Development Financial Institutions] Event
  • ,lvestments, and dev~lopment services,CDFIsserveeconomically distressed' areas ,~d PQPu~atio~." , ' ',',',', , , , .' " , , ' ' ,> Establishes . -' I , a Community Development Financial Institutions Fund: ," , ' . ' , Funded
  • of abortions in 1996 (out of a total of 1.36 million abortions). The large majority of these procedures were performed between 20 and 24 weeks into a pregnancy. 16. Community Empowerment - Community Development Financial Institutions Fund (CDFI): The Treasury
  • . The awards are administered by the Community Development Financial Institutions Fund of the US. Department of treasury. The fund, signed into law by' President Clinton in 1994, has certified over 400 Community Development Financial Institutions. (CDFIs
  • Community Development Financial Institution Fund made its first round of awards to 32 CDFIs around the nation. This is an initiative with enormous potential ~ to help people who have been left out come in and be lifted up by their own endeavors. Before
  • [League of Cities Research]: CDFI [Community Development Financial Institution]
  • Lazar Director, Community Development Financial Institutions Fund Department of the Treasury 601-13th Street, NW, Room 200S Washington, DC 20005 Phone: (202) 622-8662 Fax: (202) 622-7754 Defense Carolyn Becraft Assistant Secretary of the Navy Manpower
  • . COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND CDFis Selected for Funding ACCION Texas Appalbanc Bethex Federal Credit Union Boston Community Loan Fund Cascadia Revolving Fund Community Loan Fund of Southwestern Pennsylvania Delaware Valley Community
  • percent ofth,ese financial commitments have been made since 1992. Banks made $18.6 billion in community development loans in 1997 alone. Lending to minority and low-income borrowers is also on the rise. Created the Community Development Financial
  • , the President announced last week that he is requesting substantial increases in federal funding for the Community Development Financial Institutions Fund. His budget calls for a $1 billion increase over the next five years. (Applause.) , As I said last week
  • of adding 100,000 new housing vouchers, including 25,000 to help move families from welfare to work, 18,000 for the homeless, and 15,000 for extremely low-income elderly. • The Community Development Financial Institutions Fund (CDFI) would be reduced
  • Interagency Council on Women and Senior Coordinator for International Women's Issues Department of State 2201 C Street, NW, Room 6936 Washington, DC 20520-7512 Phone: (202) 64 7-5440 Fax: (202) 647-5337 Ellen Lazar Director, Community Development . Financial
  • with microenterprise, and especially, the Community Development Financial Institutions Fund, which administers these awards. And today, I want to also say that we are committed to increase funding for the CDFI by $1 billion over five years. Microenterprises
  • Financial Institutions Fund (CDFI). Proposed and signed into law by the President in 1994, the CDFI fund, through grants, loans, and equity investments, is helping to create a network of community development financial institutions in distressed areas across
  • of a total of 1.36 million abortions). The large majority of these procedures were performed between 20 and 24 weeks into a pregnancy. 16. Community Empowerment -- Community Development Financial Institutions Fund (CDFI): The Treasury Department recently
  • the American Consulting Engineers Council. Second, I met with representatives from the National Society of Professional Engineers. . • o On Friday, May 5th, I met with Kristen Moy who is the President's nominee to head the Community Development Financial
  • Overview of the Community Development Financial Institutions Fund The Community Development Financial Institutions (CDFI) Fund was created to expand the availability of credit. investment capital, and financial services in distressed urban and rural
  • Signed by President Clinton, the Community Development Banking and .Financial Institutions Act. creates a Community Development Financial Institutions Fund that will invest in community development banks and other institutions whose primary mission
  • . Expanding Access to Capital with Community Development Financial Institutions (CDFI). The President .has expanded access to capital througp the creation of the Community Development Financial Institutions Fund, which supports banks and other entities
  • completes the President's three­ pronged communjty investment strategy (EZs and Community Development Banks were the other two). . CDFI Fund Paul Weinstein continues to focus on the rescission of the Community Development Financial Institutions Fund. Paul
  • . Rural Development E. Native Americans F. Draft Application (9/15/93) G. News Articles III. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS BILL (CDFIS) -- INCLUDING TRANSMITTAL LETTER, GENERAL PRINCIPLES AND SECTION-BY-SECTION ANALYSIS IV
  • CDFI/CRA Memos THE WHITE: HOUSE WASHINGTON July 14. 1993 MEMORANDUM FOR TIlE PRESIDENT FROM, GENE SPERUNG. BRUCE REED SUBJECT, TOMORROW'S CO BANK/CRA REFORM EVENT As you know, you are scheduled 10 announce your CO Bank and eRA Reform
  • [OVP - CEP - CDFI/CRA - Memos]
  • %. • Created the Community Development Financial Institutions Fund (CDFI). Through grants, loans, and equity investments, the Treasury Department's CDFI Fund is helping to create a network of community developmentfinancialinstitutions in distressed areas across
  • : Oiscussion 9124/93 P5 R~;STkICTlON ANIJTYI',.; 00:. memu 002. memo C()mm~niTY Development Fimmcktl j)raft~Nexl rll;;tilu!ion~ Sleps 01\ {CDFI} Legislation (3 puges} COLLECTION: Climon Presidential Rec()rd~ Domestic Policy Council Bruce Reed
[09/30/1998] (Item)
  • of discrimination by USDA from the early 1980's through the 1990's. Expanding Access to Capital with Community Development Financial Institutions (CDFI). The President has expanded access to capital through the creation of the Community Development Financial
[01/19/1999] (Item)
  • Re-employment Initiative Helping Adults Who Lack Basic Skills Welfare Rolls Decline as More Recipients go to Work Additional Welfare-to-Work Assistance New Markets Investments Initiative Empowerment Zones Community Development Financial Institutions
[09/30/1998] (Item)
  • to capital through the creation of the Community Development Financial Institutions Fund, which supports banks and other entities that specialize in lending and investing in under-served communities. The President's FY99 Budget includes a $45 million increase
  • resources. ' The legislation passed by Congress would establish a Community Development Financial Institutions Fund ('Fund") that will invest in community development banks and and other community development financial institutions (CDFI) which have
  • of these performed at 20 to 24 weeks. Community Empowerment -- Community Development Financial Institutions Fund (CDFI): The Treasury Department recently provided the DPC with summary statistics on the CDFI awards made during the first three years of funding
  • best to tackle these challenges, it is important to put his ideas in both areas in perspective. Economic, Development: On top of your Empowenneor Zones, the Community Reinvestment Act, the Community Development Financial 1nstitution (CDFI) fund, you
  • . The brownfields incentives would be available as would qualification for private-activity bonds. • Community Development Financial Institutions Fund. Up to $ 100 million in tax credits would be made available to the CDFI Fund to allocate to equity investors
  • in Indian Country. The Community Development Financial Institution (CDFI) Fund will be conducting a study on lending and investment practices on Indian reservations and other land held in trust by the United States. The components of the study are to (1
  • security, we are continuing to work on the pension audit bill, changes to the multi. e.mployer (collectively bargained) plan rules, and expansion of PBGC's missing participant program. · · · COMMUNITY EMPOWERMENT (DPC/NEC for all) CDFI Tax Credit. We
  • Clinton took office and 3.8 million since he signed the welfare refonn law. Created the Community Development Financial Institutions Fund (CDFI). Through grants, loans, and equity investments, the Treasury Department's CDFI Fund is helping to create
  • the Conference on Women's challenge to be a "conference of commitments" and identified specific actions to improve economic opportunity for women by the year 2000. Your directive is one of those actions identified by the U.S. The CDFI Fund would facilitate
  • office and 3.8 million since he signed the welfare reform law. • Created the Community Development Financial Institutions Fund (CDFI). Through grants, loans, and equity investments, the Treasury Department's CDFI Fund is helping to create a network
  • defended and revitalized the Community Reinvestment Act. That is why we created the Community Development Financial Institutions Fund, a network offinancialservice institutions to expand access to credit and financial services in lower income urban, rural
  • Development Financial Institutions Fund, a network offinancialservice institutions to expand access to credit andfinancialservices in lower income urban, rural and Native American communities. And that is why we have introduced tax incentives to revive
  • for the homeless, and 15,000 for extremely low-income elderly. • The Community Development Financial Institutions Fund (CDFI) could be reduced by nearly $9 million from the FY 1999 enacted level of $95 million. This could result in 12 fewer community development
  • funded Role of men in families Recent food safety proposal TV ratings — success to date Record lyrics Environment American Heritage rivers Children's Health Executive Orders Underclass Announce how many state plans have been approved 800 # CDFIs CRA Crime
  • assets and qualification for private-activity bonds. • Community Development Financial Institutions Fund. Up to $100 million in tax credits would be made available to the CDFI Fund to allocate for equity investors in community development financial
  • Connecticut Ave., #700 Washington, DC 20036 202-857-1100 202-857-1111 Center for Neighborhood Technology Scott Bernstein 2125 West North Avenue Chicago, Illinois 60647 312-278-4800 312-278-3840 Community Development Financial Institutions Fund Katherine McKee
  • ). The President has expanded access to capital through the Community , Development Financial Institutions Fund. And the Pres'ident's FY99 Budget includes a $45 million increase in CDFl"funding (from $80 million to $125. million) to allow the Fund to provide
  • Institutions (CDFI) Fund -- a $15 million, 20% expansion. _ Empowerment Zones -- $60 million in flexible funding. A Robust Research and Development Agenda: National Science Foundation -- an 8.8 percent increase in support for science and engineering research
  • for extremely low-income elderly. • The Community Development Financial Institutions Fund (CDFI) would be reduced by over $11 million, with the result that 16 fewer community development institutions (CDFIs) would receive capital funding and 12 fewer financial
  • Enterprise Communities. A\rtanIated Records Management System. 6 R~Ccm-on Community Development Financial Institution (CDFI) Expansion. The Administration requested a major expansion of the CDFI program to continue building a national network of community
  • by 5.7 million since President Clinton took office and 3.8 million since he signed the welfare reform law. • Created the Community Development Financial Institutions Fund (CDFI). Through grants, loans, and equity investments, the Treasury Department's
  • incentives than existing zones. The current law wage credit would not be available. The brownfields incentives would be available as would special expensing of business assets and qualification for private-activity bonds. • Community Development Financial
  • release this in an urban school district, and at the sarne time release figures on how the Administration's initiatives help urban schools. Community Empowerment -- Reauthorization of the Community Development Financial Institutions Fund (CDFI): Treasury
  • ~. L CDFI/CRA Presidential Memorandum to Banking Regulators '. THE WHITE HOUSE WASHINGTON July 15, 1993 MEMOR1\NDllM FOR: THE HONORABLE EUGENE ALLAN LODWIG COMPTROLLER OF THE CURRENCY THE HONORABLE ANDREW C. HOVE: ACTING CHAIRPERSON
  • [OVP - CEP - CDFI/CRA - Presidential Memo to Banking Regulators]
Jobs Program (Item)
  • strategy to propose a new tax credit to investors in qualifled community flnancial institutions and venture capital funds. • CDFI Initiative. The Community Development Banking and Financial Institutions Act of 1994 created a Federal CDFI Fund to provide
  • Financial Institutions Fund (CDFI). We are cOncerned that several of these and other priority issues discussed below. such as funding and restrictive language for the Council on Environmental Quality, are not being resolved in a satisfactory manner. To date
  • they operate. • Created and strongly supported the Community Development Financial Institutions Fund (CDFI), which helps build the capacity of entities that focus their lending and investment on areas not adequately served by traditional financial
  • Financial Institutions Fund, which supports banks and other entities that specialize in lending and 2 Automated Records Management System Hex-Dump Conversion investing in underserved communities. The President's FY99 Budget includes a $45 million increase
Budget [2] (Item)
  • for the buck" if we used some of the Fund's dollars for "telemedicine." e . 5.. You inay want to follow up with USDA on our meeting with Bob Rapoza and the rural CDFI group. In particular, you could ask them to meet with the CDFI Fund and its ,director
[03/19/1999] (Item)
  • communities. Reduces the credit and investment capital available in distressed communities. The first GOP House budget eliminates the Community Development Financial Institutions Fund (CDFI). The Fund supports a network of CDFIs, including community
  • communities. Reduces the credit and investment capital available in distressed communities. The first GOP House budget eliminates the Community Development Financial Institutions Fund (CDFI). The Fund supports a network of CDFIs, including community
  • release this in an urban school district, and at the same time release figures on how the Administration's initiatives help urban schools. Community Empowerment -- Reauthorization of the Community Development Financial Institutions Fund (CDFI): Treasury
  • for the homeless, and 15,000 for extremely low-income elderly. The Community Development Financial Institutions Fund (CDFI) would be reduced by over $11 million, with the result that 16 fewer community development institutions (CDFIs) would receive capital funding
  • . • Community Development Financial Institutions Fund. Up to $100 million in tax credits would be made available to the CDFI Fund to allocate for equity investors in community development financial institutions to leverage private investment in distressed areas
  • is a daunting task. I am proud that the Community Development Financial Institutions (CDFI) Fund, which works alongside mainstream institutions in expanding access to capital in low-income communities, has begun several successful activities in Indian Country
  • By $1.6 billion V Expanding the Community Development Financial Institutions Fund V Funding 50,000 incremental housing vouchers for families moving from Page 3JI welfare-to-work. t/ Establishing a Community Empowerment Fund, which will help create
New Markets (Item)
  • . ./ Expanding Community Development Financial Institutions. The President won $118 million for the Community Development Financial Institutions Fund to support loans and equity investments in underserved communities . ./ Promoting Community Service. President
  • into a pregnancy. 14. Community Empowerment -- Community Development Financial Institutions Fund (CDFI): The Treasury Department recently provided the DPC with summary statistics on the CDFI awards made during the first three years offunding (1996-98). Since its
  • ." That is the approach I have pursued as President. And that is the approach that is working - through EZs and ECs, a stronger CRA, and CDFis. - 1 I • • The Enterprise Corporation of the Delta (ECD), aprivate, tax-exempt business development group, is one of those
Economic (Item)
Budget [2] (Item)
  • , Kentucky 40743-1738 (606)864-5175/864-5194 OTHER DEPARTMENTS Kristen MOY Director Community Development Financial Institutions Fund Department of Treasury 1777 F Street, NW 7th Floor Washington, D.C. 20006 Patricia McNeil Assistant Secretary Office
  • that business lending will benefit from the same innovation and effort that has improved access to home mortgage financing. • Community Development Financial Institutions Fund (CDFI). Through grants, loans, and equity inves'lments, the CDFI Fund is helping
[02/06/1997] (Item)
  • for the President's America Reads Challenge. Community Development Institutions Created Community Development Financial Institutions Fund to expand access to credit and capital to distressed communities. Awarded $37 million in financial and technical assistance
[02/27/1997] (Item)
  • : · Speechwriting Series/Staff Member: Jonathan Prince Subseries: OA/ID Number: 10440 FolderiD: Folder Title: 7/93 CDFI [Community Development Financial Institutions] Stack: Row: Section: Shelf: Position: s 91 7 1 2 [t, I THE WHITE HOUSE
  • 7/93 CDFI [Community Development Financial Institutions]
  • : Speechwriting Series/Staff Member: Jonathan Prince Subseries: 10443 OA/ID Number: FolderiD: Folder Title: ' 1997 Treasury - CDFI Fund Stack: Row: Section: Shelf: Position: s 91 7 2 2 06/ll/97 ~202 6220646 13:01 .. OFC TAX POLICY ~ tyVI
  • 1997 – Treasury – CDFI Fund
Poverty [1] (Item)
  • and to low and moderate income borrowers by 64 percent." That is why the White House, along with Secretary Rubin and Secretary Community Development Financial Institution Fund, "CDFI Fund Survey of 1996 A wardees," 1999. n "Consolidated Annual Report
  • markets are not overseas - they are in our own backyards, [want to mention EMPOWERMENT ZONES, CDFIs, other accomplishments?] I ask Congress to support tax credits, incentives and loan guarantees to help businesses raise up to $15 billion to bring jobs
  • investments in Head Start in the future, this requirement will prevent us from reaching our goal of serving one million children by 2002. 14. Community Empowerment -- CDFI Fund: The CDFI Fund awarded $75 million to 190 institutions last week. Of the total, $44
  • pledges from employers, organizations and community groups to make systemic changes in policies and practices in the workplace to benefit women and their families. • The Community Development Financial Institutions Fund of the ~reasury Department
  • incentives for distressed anlas ..................... '. -40 -424 -502 -469 -410 -500 Provide tax credit for investment in community devel­ opment financial institutions (CDFI) ........................... . ............. -2 -7 -5 -9 -11 . Toll statute
  • "!'" _ ",. .... Record Type: To: Lyn A. Hogan 01/30/9710:42:10 AM Non,Record Patricia F. Lewis/WHO/EOP cc: See the distribution list at the bottom of this message Subject: CDFI info, to be added to partnership press release The President and the Secretary
  • Security. The Department of the Treasury, through the Community Development Financial Institutions {CDFI) Fund, is establishing a Presidential Awards program to honor outstanding micro-lending organizations. The awards will help publicize the importance
  • DEPARTMENT OF THE TREASURY WASHINGTON, D.C. 20220 July 18, 1996 MEMORANDUM FOR DEPUTY SECRETARY SUMMERS rnnOUGH UNDEIt SECRETARY HA WKE~ FROM: Kirsten S. Moy JL.~ ~ Director, CDFI tund .. SUBJECT: Evaluation of CDFI Program Per your request
Budget Stuff (Item)
  • Development Financial Institutions Fund to expand access to credit and capital to distressed communities. Awarded $37 million in financial and technical assistance to 32 CDF/s in 1996. · Increases funding 150% to $125 million in FY98, and invests $1 billior
  • root in these communities Where good risks and sound businesses cannot gel loans. HIGHUGHTS OF COFI PROPOSAL '0 F11ND/GOVER.:~ANCE. A Fund wiD be created to provide assistance community dC'Iclopmenl financial institUtions (CDFIs). A corporate
  • [OVP - CEP - CDFI/Community Reinvestment Act (CRA) - Summary]
CDFI (Item)
  • : Speech writing Series/Staff Member: Jordan Tamagni Subseries:. OA/ID Number: 14671 FolderiD: Folder Title: CDFI Stack: Row: Section: Shelf: Position: s 91 7 4 1 ----~----~------ ---- --~--~~----------------------- THE WHITE HOUSE
  • CDFI
  • a ceremony on the South Lawn of the White House during which they outlined the provisions of the CDFI (Community Development Financial Institutions) Act and described major changes in the CRA (Community Reinvestment Act). The involvement of banking
  • options that might provide additional support for business expansion in poor communities. Several of these options are designed to supplement the loan capital made available through CDFIs by creating pools of equity capital. ? Brownfields
  • .~-.' ' .. . ,;.,.. .'..; . ' et:::lli~;~~~~~~~~~:6ha;g~t~{~~;u'lati6nS;' -:. , ffe'ringmoie services orin~reasirig their volumeoL usiness. This will e:nsurethC!t the fi;tndingprocess ' ~
  • CDFI CRA Reform HUD's EDI 108 Loan Guarantees Fair Housing & Insurance Laws EDA Appropriations t~eme. Full funding for Head Start Summer Jobs Goals 2000 Title I Education. ------ Category .IV. SKILLS & TRAINING for t,he new economy
College (Item)
  • Empowennent Zones and 80 additional Enterprise Communities, with new tax incentives, including the brownfields initiative, additional small business expensing, and new private activity bonds. • Community Development Financial Institution (CDFI) Tax Credit
  • to businesses in EZs. CDFI Bill; The President's CDFI bill is pending in Congress. Assuming passage, EZs and ECs will have priority for participation and the CDFI fund will be a source of matching capital to capitalize a CDFI for community development lending
  • bill does) anq dire~t the Community Deyelopment Financial Institutions (CDFI)fund to set-aside funds from its existing budget request for FY99 to pay for its operations. Option 1: Endorse Coats-Harkin bill Pros: • Could help approximately 50,000 lower
  • pieces: enterprise zones; community development financial institutions (CDFI); strengthened Community Reinvestment Act (CRA) and Fair Lending laws; and community partnerships against crime. These four initiatives are the first in a series of proposals
  • Development Financial ]nstitutions (CDFI) Fund, now housed within the Department of Treasury, to provide equity investments, grants, loans, and technical assistance to qualifying organizations for community develo~ment. The CDFI Fund was appropriated $95
  • Financial Institutions (CDFI). program. The CDFI program fulfills the President's campaign } ~.., . , , . promise to cre'ate a netWork of community development banks and financial institutions.· Their , ~ , 1 primary mission is to lend
  • pizzuto Paul J. Weinstein, Jr SUBJECT: Rapoza mtg. tomorrow Paul is going to staff, since they are proposing a CDFI initiative -- the "Partnership Rural Community Development Financ Institutions." Patnership would be funded by $30 million of the $300
  • credit to investors in qualifil;.!d community financial institutions and \,tenrure capital funds, • CDFI Initiative. The Community Development Banking and FinanCial Institutions Act of 1994 created a Federal CDFJ Fund to provide grants. loans
  • ? Preliminary concept. Working group fleshing out. Next meeting at 5:00 pm today. How Much Does It Cost? Unknown. Could be allocated along with tax credit to spend what is available. Expand CDFI What Is It? CDFI would be expanded on the spending side
  • Development Financial Institutions (CDFI) Fund) • Second Round Awards -- The CDFI Fund is in the process of reviewing its second round of applications. The Fund is expected to make over $30 million in awards before October 1. • CDFI Fund Budget Increase
  • ] [OA/ID 20589] [Community Development Accomplishments] [loose] [OA/ID 20586] CDC [Community Development Corporation] Coalition/Tax Credit [OA/ID 20587] CDFIs [Community Development Financial Institutions] [1] [OA/ID 20588] CDFIs [Community Development
  • Financial Institutions (CDFI) and National Service legislation. Under this proposal, an undergraduate business major could meet his/her community service requirement under the National Service proposal by serving a two-year apprenticeship at an accredited
  • in the Delta area full partners in America for the first time in history." That is the approach I have pursued as President. And that is the 1 ·- ~ . "" approach that is working- through EZs and ECs, a stronger CRA, and. CDFis. . . • The Enterprise
  • ...................................................................... .. America's Private Investment Companies (APIC) ............... .. SBA: New Market venture CapitaL .................................... SBA: SBIC's low- and Moderate-income (lMI) ................. .. Microenterprise Investment Strategy: CDFI PRIME 3
  • . The memorandum was sent to the President late last week. o Community Development Banks -- Paul Weinstein (DPC) and Paul Dimond (NE~) met with the CDFI transition team at Treasury t,o discuss policy and congressional strategy. It is suspected that the CDFI Fund
[06/11/1997] (Item)
  • . Community Development Financial Institutions (CDFD Fund) • Second Round Awards -- The CDFI Fund is in the process of reviewing its second round of applications. The Fund is expected to make over $30 million in awards before October 1. • CDFI Fund Budget
  • -Record Lisa Green/OPD/EOP@EOP cc: Subject: This is what the phone call was about - Revision to CDFI discussion in background document for the Arkansas trip ---------------------- Forwarded AliceVeenstra/OMS/EOP 08/03/99 by on 04:22PM
  • Plan Announce Review of Bush Bonuses Econ Plan Charts Urban Task Force Ass 'td Communications Memos Thanksgiving Homeless Event NAFTA --Chamber of Commerce Export Policy Announcement CRAReform Pan Am 103 Anniversary Event Exec Actions CDFI CRA Reform
  • HUD Abandoned Buildings p , ^ 1 ^ ' 100 Trillion Dollar Roundtable \ 238 DEPARTMENT OF TREASURY Trillion Dollar Roundtable (CDFI) 25 Firearms Enforcement (w/DOJ) 25 Financial Consumer Bill of Rights 25 SUBTOTAL 75 Climate Investment
  • rates among minorities (e.g. 30% among African Americans compared to 11.7% among whites). Few minority owned businesses. Promote effective minority economic development (e.g. CRA, CDFI, Emp Zones). Promote and fund education programs for minorities from
  • ] Zelman, Walter Bank of America [OA 3801] National Economic Council Robyn, Dorothy CDFI [Community Development Financial Institution] ’94: Nations Bank and Bank of America [OA 17411] Policy Development Green, Lisa BOA [Bank of America] [Folder 1] [OA
  • CDFIs Summary ofKey Aflllouncemenrs: • SBC Communicatiofls is involved in several hiring programs in the Hispanic community. and - we could potentially coordinate an announcement around this workforce activity, • Ameritech is developing
  • ; 7.1 na -- may raise very small amount Roughly 0.5 About 0.1 CDFI Tax Credit Financial Security (one new small tax item) na -- likely small Cap Gains Exclusion -- Land for Conservation na -- likely small na Pensions -- WTW (DOL proposal) Proposals
  • initiatives,the Community I Development Financial Institutions (CDFI) program. The CDFI program fulfills the President's~~ promise to create a network of community .~evelopment banks a.nd ~rimary financial institutions. Their mission is to lend, invest
  • instir~tions a'nd by mainstream banks. The even. will include a broad mnge of groups and MembelS who are particularly supportive of these efforts, This is an historic occasion in which the major banks, c:ommunity group" .he CDFI industry, and memben
  • community development bank holding companies _have emerged over the last tWenty years. ' . . .. ,. 2. Community qevelopment Financialinstitutions (CDFI's): A variety of-other commuruty-bas~d organizations have founq their own financial service niche
  • trained in finance and . accounting. As long as we stipulated that the community service commItment could only be met by two years of work at a CDFI accredited by our nadonal network, monitoring the service requirement would be relatively easy. Under
  • Development Banks and Financial Institutions: Treasury has sent OMB/OlRA the CDFI regulations this week. We are hoping for speedy clearance. Paul Weinstein is working on foliowing up on the:Vice President's conversation with Senator Leahy in which the Vice
  • week. the President signed the Community Development Financial Institutions which creates a mechanism for giving community development financial institulions (CDFIs) ovcr $300 million in grant fund" Bm. Today, September 26th, the back regulators
  • for Americorp Education Awards na -- may raise very small amount Home Ownership Tax Credit Roughly 0.5 CDFI Tax Credit About 0.1 Financial Security (one new small tax item) na -- likely small Cap Gains Exclusion -- Land for Conservation na -- likely
  • 10440] 12/93 Pan Am 103 Anniversary Event [1] [OA/ID 10440] 12/93 Pan Am 103 Anniversary Event [2] [OA/ID 10440] 1/93 Executive Actions [OA/ID 10440] 7/93 CDFI [Community Development Financial Institutions] [OA/ID 10440] 12/93 CRA Reform [OA/ID 10440] 5
  • in Detroit. The CDFI Fund's $3 million equity investment will be a m~or boost to a fundraising effort that may raise lip to $20 million in capital for this startup effort. ,The Detroit holding company, which will be established in stages, is designed
Banking (Item)
  • Fmanciai Institutions Bill ("CDFI"). Although we believe that there is merit in supporting the constlUCtive elemems ofthese reguia!ory relief bills, we have had a great concern that, if laden down with the full laundry list. the CDFI bill wouid get mixed
  • ) , the National Science Foundation, and several other agencies. The Act funds a number of my Administration's high priorities, including the Corporation for National and Community Service and the Community Development Financial Institutions (CDFI) fund. National
  • Principles or Administration's' Commdmty Development Financial Institutiom Proposal Creation or Fund/Governance. A Flind will be created to provide assistance to community development financial institutions (CDFIs). A corPorate board
  • , the private' sector, ahd foundations in lending to, investing in and mentoring to MBEs. ' For banks, CRAcr~it would be part of the incentive for such activity. (See Section IV., below.) . • I I . ' ' " . " The CDFI bill, which is pending
  • Institutions (CDFI) Fund: A 20% expansion. t/ Empowerment Zones: $60 million in flexible funding. A Strong Research and Development Agenda. The President's budget included an unprecedented commitment to key civilian research. The final budget includes many
  • invesnnent in distressed communities. Today, President Clinton expands on his strategy to propose 1 new tax credit to investors in qualified. community financial institutions and venture capital fu~ds. ·; , '· "' ~· a • CDFI Initiative. The Community
  • to this report for Bruce Katz' shop at Brookings,this program has been effecti"ve. Wecould propose expanding this CDC tax credit to more areas. The author ofthis report also proposes some changes. to make the tax credit more effective. ~emonstration • CDFI
  • : Paul J. weinstein Jr. ( CN;Paul J. weinstein Jr./OU;OPD/O;EOP [ OPD ] ) CREATION DATE/TIME:11-JUN-1997 18:56:35.00 SUBJECT: CDFI Update TO: Ellen S. Seidman ( CN;Ellen S. Seidman/OU;OPD/O;EOP @ EOP [ OPD ] ) READ: UNKNOWN TO: Elena Kagan ( CN;Elena
  • flexible transportation alternatives, such as van services, to help former welfare recipients and other low income workers get to work. Community Development Financial Institution (CDFI) Expansion. The Administration requested a major expansion ofthe CDFI
  • Institutions (CDFIs) and related non-profit technical assistance providers that work alongside mainstream institutions to bring loans and investment to distressed communities; this should come particularly. through incentives to draw private capital into " CDF
Budget, 1998 (Item)
  • million for 50,000 vouchers. V Access to Jobs: $75 million to link people on welfare to jobs. V Community Development Financial Institutions (CDFI) Fund: A 20% expansion. V Empowerment Zones: $60 million in flexible funding. A Strong Research
  • ). The House already has. Treasury,' 'the CDFI transition team, and ,DPCst f have combed the S~nate.to' push for the program, but results' are not pos·itive.. Moseley-Braun may' be ~illing to of an ~mendment on the floor-but she wants admini!3tration support
Budget Binder (Item)
  • . \/ Welfare to Work Housing Vouchers: S2S3 million for 50,000 vouchers. >/ Access to Jobs: $75 million to link people on welfare to jobs. • Community Development Financial Institutions (CDFI) Fund: A 20% expansion. • Empowerment Zones: $60 million
  • Development Financial Institutions (CDFIs). The President's initiative to develop CDFIs, locally-based institutions with expertise in lending and investment in underserved areas, will continue to grow. His FY2001 balanced budget will include $125 million
  • passage of the Line-Item Veto Act. Economic Development Brownfields (paul Weinstein). Worked with NEC to draft and introduce the Brownfields Tax incentive legislation. Community Development Financial Institutions (CDFI) Tax Incentive Legislation (Paul
  • community . empowerment,initiativ.~s, the, Community .e Development, Fin'anciallnstitutions (CDFI) , !' . ,I· ,.' " " program~ , ' , , . , . The CDFL progra'rri :~fulfillsthe President'scampaign' . . . .', . . . " ' 'promise to ,create
  • '. Without this funding, the Fund would not be, able to p~ov,ige; $,~,O, 000.000 in direct ioansubsidies to support over $23,000,000 of direct loans to 'CDFIs: $5'0,000,000 in' grants, technical assistance, and other financial assistance to CDFIs
  • Atwood, as well as the Deputy Administrator, Hattie Babbitt; Small Business Administrator Aida Alvarez; CDFI Director Ellen Lazar; the Director of the National Economic Council, Gene Sperling; Mary Ellen Withrow, the Treasurer of the United States
  • Empowerment Zones, CDFI, and home ownership strategies; (3) the challenges that remain, including job growth disparity between cities and suburbs, increased poverty concentration in central cities, and continued middle-class migration from central cities
  • Development Block Grants, assistance to the homeless, the Commtp!ity Dev-elopment Financial Institutions (CDFI) Fund, Brownfields redevelopment, and l'Ural/u.tban empowerment zones. The Community Development Block Grant program (CDBG) promotes hous:ing
  • to promote mixed-income, multi-racial communities; (3) metropolitan regional strategies to strengthen links between inner cities and suburbs; and (4) minority ' ,entrepreneurship, including credit programs building on CRA and CDFI. 'Participating White House
  • training assistance. with the specific allocations of the types of assistance left to the. discretion of the Fund. . Community RepreseDt&tion. A criterion community involvement in the CDFI. fOf. receiving assistance from the Fund i& the extent
  • [OVP - CEP - Community Development Financial Institutions (CDFIs) – Administration’s Bill]
  • . The Administration would propose a $50 million increase in JobCorps funding - over five years, that's an additional $250 million. Page 8; f a s t p l t p . o 2 4 " " ' $ 2 2 5 MILLION FOR CDFIs TO EXPAND THE AVAILABILITY OF CREDIT IN DISTRESSED URBAN AND RURAL
  • ’97 (1/25/97) [OA/ID 14671] AME Church Speech DC 12/7/97 [OA/ID 14670] [Audio Cassette Tapes] [OA/ID 14675] Background Material on Cloning 1/8/97 [Binder] [OA/ID 114672] Billy Graham [OA/ID 14670] Budget [Binder] [OA/ID 14672] CDFI [OA/ID 14671] Church
  • . CDFI Tax Credit. We are looking at a proposal to extend tax incentives to encourage investment in CDFIs, which would leverage additional private investment in distressed areas and stimulate the economic revitalization of those areas. Under the proposal
  • sufficient resources, to take your community development ' banking initiatives to scale over the next five years. The CDFI Fund provides seed capital and leverages p,rivate capital through loans, grants and equity investments to community baSed banks, credit
[11/05/1998] (Item)
Tax Plan (Item)
  • Deduction and Forgiveness 1.8 4.4 Deduction for K-12 Computer Dotrations (Je1) 0.3 0.7 Repeal of bond cap for universitie:i' 0.3 1.0 Child Tax Credit 70.2 176.1 Brownfields, EZIEC Expansion, CDFIs 2.4 3.9 Welfare-to-Work Tax Credit 0.6 0.6
  • Institutions. Thus far, the Treasury Department's CDFI Fund has made $125 million in awards to 164 CDFls, including 25 CDFI "start-ups," arid has certified another 185 CDFIs. The Fund is currently considering applications in its fourth round. This spring
  • grant program and propose, through appropriations language, allowiIlg tribe~ to apply directly to the Federal Transit Administration 'for these grants. Community Development Financial Institution (CDFI) Expansion. The Ad4tinistration .r~quested a major
  • for the Treasury's CDFI Fund. 'And you just heard from ~he administrator of the Small Business Administration, Aida Alverez, \\rho is such a strong champion of microenterprise -­ and who just recently joined md in a small town in Chile to talk to women, entrepreneurs
  • POLICY·COUNCIL SUBJECT: Daily Briefing on DPC Issues Community Development Financial Institutions The CDFI Fund'is planning:to draft regulations to OMB next week for clearance under the Paperwork Reduction Act. The CDFI Fund/Treasury Department have
  • no data on the existing program. 'The funds would be better spent on the President's CDFI program, which was ~pposed to be the 2nd pillar of his community empowerment agenda. This program ~ woefully underfunded ($SO million) compared to the EZ/EC
[10/15/1998] (Item)
  • on their vision to help revitalize America's communities. Welfare to Work Housing Vouchers: $283 million for 50,000 vouchers. Access to Jobs: $75 million to link people on welfare to jobs. Community Development Financial Institutions (CDFI) Fund: A 20% expansion
  • the Center of Community Change (~/28). ! Community Development Banks & Financial Ihstitutions o Paul prepared memorandum on status of CDFI Fpnd. The House VA/HUD Approps. Subcommittee rescinded the program last week. Since then, Paul has been co6rdinating
  • position. . , CDFI To continue to effectively administer awards for the Fund's major programs. To continue research and evaluation initiatives. Credit U,niolls To continue to develop Administration policy toward credit unions. To work
  • community empowermen~ initiatives,- the Community Development Financial lristitutions (CDFI) program. \ . The CDFI program fu.lfills the President's campaign ::01. ' . ' . . . promise to create a netWork of community . development banks
  • Reinvestment Act (CRA), passage of the Community Development Financial Institutions (CDFI) bill, SBA's Onc~StOp Capital Shop, SBA Microenterprise Loan Program, and the SSBIC! Bumpers tax break -- will pIa)' a more significant role in the revitalization
New Markets (Item)
  • is also on the rise. • Created the Community Development Financial brstit!llJ~IlS Fund (CDFI). Proposed and signed into law by the Prcsi~ient in 1994, the CDFi fund, through grants, loans, and equity investments, is helping to creat~ a network
  • secure financing O.n reasO.nableterms. Firms must have a ' strategy to' target lending to' underserved areas. • Microenterprise Lendin,:; and Technical Assistance. Microenterprise initiatives in the FY , 2000 budget include PRIME, under which the CDFI
  • , T CDFI/CRA Articles Banking on the Inner City ~\t\ T'S EASY when discussing the problems of the inner city to talk about the virtues of "seU-belp," "entef?rise" and "bootstrapping," Everybody is for the other guy "pulling himself up by his
  • [OVP - CEP - CDFI/CRA - Articles]
  • Development Financial 105 selected communities made' well over Institutions (CDFIs) $8 billion in private-public commitments (aside .' from the promised Federal resources).. In Proposed by the. President in 1993 and the six urban' EZs, the private sector
  • a grant program, ·18, , , Ta.r; Credit For Equity Investments in Community Development Financial institutiDns The Community Development Banking and Financial Institutions Act of 1994 created the Community Development Financiallnsritutlons (CDFI) Fund
[08/25/1997] (Item)
  • commitment. BUILDING BLOCKS OF PILLAR DESCRIPTION TIMELINE BENEFITS COSTSIFEASmILITY POLITICAL RAMIFICATIONS PRESIDENTIAL TIME COMMITMENT Community Development Financial Institutions (CDFIs) This initiative established the CDFI Fund which provides
[08/25/1997] (Item)
  • : Tax credits to investors in qualified Community Development Banking and Financial Institutions (CDFIs), I Second round oCEmpowerment Zones (15 urban', 5 rural) and Enterprise Communities (SO urban, 30 rural); . Brownfields Initiative expansion
  • POTUS Speech 1997 FHA Premium Reduction: Cities 1997 State of the Cities Report: Drafts 1997 AIDS: Needle Exchange, ADAP 1997 Morgan State Commencement Planning 1997 Treasury: CDFI Fund 1997 G.I. Bill for Workers 1997 Young Drivers 1997 TANF Program
  • :resources, to take your community development banking initiatives to scale over the next five years. The CDFI Fund provides seed capital and leverages private capital through loans, grants and equity investments to community based banks, credit unions, loan
  • Development Financial Institutions that is infusing our cities with capital. And I am very proud that our bipartisan budget agreement specifically guarantees that we will more than double the CDFI fund. (from $50 M to $125M) We reformed the Community
  • to turn that vision into a reality, and ou~ of that carne the CDFI Fund which Was enacted and is now in the process of being implemented. !The first grants have been given out. And I think it's an':'- I think both the CDFI Fund, which is a fund of grants
  • reeeives support from the CDFI Fund, as a successful model for collaboration between banks. The roundtable could be convened jointly by the Governor and the North Carolina Bankers' Association. • Rocky Mount, NC: Located in a region facing economic
  • Housing Vouchers: $283 million for 50,000 vouchers. V Access to Jobs: $75 million to link people on welfare to jobs. V Community Development Financial Institutions (CDFI) Fund: A 20% expansion. V Empowerment Zones: $60 million in flexible funding
  • awards and: National Health Service Corps deical cholarships w.At'il·l ~ ~ $4..' r -;;; 1- Urban - Empowerment; • • • • \ 1"- 30 WI-/; 10{30 . ~~ ~, ' ,.,LL_ '\' ~ '/~J --~-------------- Green Bonds CDFI Tax Credit i , Private Activity
Speeches [4] (Item)
  • Bonds 1.0 N/A N/A Treasury dislikes, but NEC,OVP, CEQ, EPA, HUD support. Tax Credit For Equity Investments In CDFIs 0.1 N/A N/A 0 Empowennent Zones II .750 .750 0 Treasury will go along but Tax Policy doesn't like idea. Proposed in 1996
  • Development Financial Institutions (CDFI) The Administration has requested a $45 million increase in CDFI funding (from $80 million to $125 million), to allow the CDFI Fund to provide additional financial assistance to the growing CDFI field and to expand
  • and by pooling these loans. This would build on such secondary market activity already underway. e. Community Dl!velopment Financial Institutions (CDFI) The Administration has requested a $45 million increase in CDFI funding (from $80 million to $125 million
  • Dollar Roundtable (CDFI) 25 Firearms Enforcement (wIDOJ) 25 Financial Consumer Bill of Rights 25 SUBTOTAL 75 EPA 250 Climate Investment Fund DEPARTMENT OF COMMERCE· ! Coastal Salmon Restoration 125 DEPARTMENT OF INTERIOR Lands Legacy
  • mend this historical inequity and help rebuild our cities. · [;)06 06/19/97 THU 18:55 FAX 202 622 5672 Barr Comm Dev Policy Proposed insert to POTUS Conference of Mayors speech: The President's CDFI Fund is helping to create a nationwide network
  • Community Development ,Banks and Financial Institutions ,-- The CDFI Fund received $45 million in the final FY96 CR agreement. They are making Bank Enterprise Awards next month and are on target to make CDFI awards in late'May or early June. Microenterprise
  • hire Zone residents President Clinton Is Committed to Ensuring that Private Capital Is Available for Businesses and Homeownership • A total of $1.7 billion in Federal co-investment in Community Development Financial Institutions (CDFIs) over the next
  • guarantee incentives that will' , stimulate, $15 billion of new private capital in b}lsinesses in America's own untapped markets." • • Community Development Financial Institutions (CDFI) Fuud: A' $30 million increase 'to provide ', $125 ,million
Taxes (Item)
  • to allocate among equity investors in qualified CDFIs between 1000 and 2009. The allocation of credits would be delennined by the CDFI Fund using a competitive process similar to the one used for grants. loans. and equity investmenls. The maximum amount
  • -- a new public-private partnership to pursue highly aggressive welfare to work efforts, and a commitment to increase CDFI funding. The announcements will emphasize new private sector involvement and funding for welfare to work efforts, including
  • round of applications for the new Empowerment Zone and Enterprise Community program, and the Administration's community development financial institution (CDFI) legislation, which will encourage the formation of banks to serve low- and moderate-income
[01/29/1999] (Item)
  • to prevent accidents. Community Deye!Qpment Financial Institution:! (cDrn Fund The Administration is very concerned about the Committee's decision not to fund the CDn Fund. The Bipartisan Budget Agreement clearly indicates that funding for CDFI
Beijing (Item)
  • -9358, DOS. 5. Women and Economic Security. The Department of the Treasury, through the Community Development Financial Institutions (CDFI) Fund, is establishing a Presidential Awards program to honor outstanding micro-lending organizations. The awards
  • Provision (Sen. Inoye, Lynn Cutler) • Remove Contract Support Costs (Sen. Inoye, Lynn Cutler) • Remove Shakopee Land Trust provision (Sen. Inoye, Lynn Cutler) • Amendment to give CDFIs nonmember mortgagee status in the Federal Home Loan Bank system
  • 103-322, signed 9/13/94), September 23 Community Development Financial Institutions (CDFI) Fund Created Meeting an early campaign commitment, the President signed legislation creating the CDFI Fund to support both specialized financial institutions
  • 1990's. 2A. The significant improvements made by cities since 1993 as a result of the strong economy and this Administrations's urban policies (including Empowerment Zones, CDFI, home ownership strategies, and ) along with 2B. The real challenges
Health Care (Item)
  • for a Welfare-to-Work Tax Credit to help businesses create new jobs for the hardest-to-employ welfare recipients. Community Development Financial Institutions (CDFI) Investment Initiative. President Clinton proposes to more than double the current Community
  • generate more than $1 billion in private sector investment commitments.' Expanding Access to Capital through Community Development Financial Institutions (CDFI). Proposed and signed into law by the President in 1994, the CDFI Fund is helping to create
  • Micro~Enterprise " ' ' Agenda to increase funding by 159%, from ; · -~2M-to $83M, including: . . .. . .. • $15M and new legislation for the CDFI .•.. 'Fund's Program for Investments in.Micro­ Entrepreneurs (PRIME) , • Doubling technical assistance
  • Financiallnstitutions (CDFI) Fund.. They are also supported by several U.S. foundations, local enterprise intiative funds and commer?ial banks. The Latino Economic Development Corporation The Latino Economic Development Corporation (LEDC), where the discussion
  • and I have pioneered and P.ursued - , from EZs to ECs, from a stronger CRA to CDFis. This approach is working. It's the best way to expand our prosperity while making sure no one gets left behind. BusinessLINC is an important, innovative element in our
Race Book (Item)
  • , entrepreneurialism and jobs. • First, build upon what we've been doing: (1) preserve relevance of CRA; (2) improve antidiscrimination compliance; (3) expand CDFIs; (4) SBA's targeted efforts; (5) still more effective federal/state tax credits for housing
Race-Book [1] (Item)
  • from Russian authorities. • Bank Enterprise Award Program: On March 7, the CDFI program published an invitation for banks to apply for a new round ofBEA grants. The BEA Program is . intended to encourage insured depository .institutions to invest
  • CDfI funding, The announceClents will emphasize new private sector involvement and funding for welfare to work efforts. including microenterprise. The pUblic-private partnership will give you the opportunity to highlight another corporation -- Chase
  • _ _ Remarks by the First Lady to the Families USA "Health Watch" August 16; 1994 i Event I ' -, August 17, 1994 :--Remaiks by the First lady at CDFI/Healthright Event Sept. S, '1994 Remaiks by the First Lady at Kathleen Brown Fundraiser , I · Remarks
[06/25/1998] (Item)
  • development banks. " WaR"'g GrBIIjl.e/ ,N t c. - 1J
  • of the Community Development Financial Institutions (CDFI) bill, SBA's One-Stop Capital Shop, SBA Microenterprise Loan Program, and the SSBIC/ Bumpers tax break -- will play a more significant role in the revitalization of these communities than the Zones
  • for EEOC employees and resources for increases in enforcement capabilities. COMMUNITY EMPOWERMENT 1. Access To Capital For All Americans. * .CDFI Tax Credit. In 1996, we proposed a tax credit for investors in CDFIs. We could re­ propose this $100
  • /ORIA issued a control ~umber for the CDFI reghlations and the application this week. Thus we avoided the additional restrictions and six ~onth delay that would have be~n imposed by the reauthorizied Paperwork Reduction Act had we not meet
  • on Janu,ary 1. CDFI The CDFI Fund is planning to hold a conference for applicants in Washington 'on January 30: ,Women's Issues The Budget: Debbie Fipe' and' Jennifer Klein created' ,a document outlining the impact of .the Republican budget. on women
  • ·:·: · : : : : : :·:· ·:·:· : ·: · ·: : · ·: : :·: :·•:·:·: : : .: : ·: : ·: · ·: "We should expand the network of community development banks." • FY98 budget proposes $125 million for 1998 -150% more than 1997 -and $1 billion over the next 5 years to fund CDFis through CDFI fund. I I . I ; I I I i • Supervision: Budget
  • items:' . I' 'I Ensurin~ funq.irig for th~ Com~uhity DevelOp'ni~nt l~ank and,Financial , Institutions (CDFI) Fund; sO:,the ·program'can. start in this, fiscal year., " , Timeframe: By'¥nd of FY95~.Uad'DPC"Staff: Paul Weinstein.. . ,0: r ' " , .I
  • . The United States has taken several key actions to further support self­ employment and microenterprise development in our country .. The Department of the Treasury has recently established the Community Development Financial Institutions,(CDFI) Fund
  • -~ FNMA, Freddie Mac and the Federal Horne Loan Bank Board System. In particular, the FHLBB should be re-chartered as the National Community Investment Bank, with a new mission: working side-by-side with CDFIs to fuel economic revitalization in our most
  • to investors. This would build on such secondary market activity already underway. CDFI Expansion. The Administration is requesting a $45 million increase in CDFI funding (from $80 million to $125 million), which would allow the CDFI Fund to provide additional
  • million in this flexible funding for the next round of Empowerment Zones and 20 new rural Enterprise Communities. • Community Development Financial Institution (CDFI) Expansion. The Administration requested a major expansion of the CDFI program
  • vouchers. V' Access to Jobs: $75 million to link people on welfare to jobs. V Community Development Financial Institutions (CDFI) Fund: A 20% expansion. V' Empowerment Zones: $60 million in flexible funding. A Strong Research and Development Agenda
Budget-1999 (Item)
  • .' , I • CDFI Expansion. The Admiriistration is requesting a $45 million increase in CDFI funding (from $8) millio,n to $125 million). The increased funding also would be used in part to accelerate development of a s~condary market for CDFI loans
  • Financial Institutions (CDFI) Fund, is establishing a Presidential Awards program to honor outstanding micro-lending organizations. The awards will help publicize the importance of microenterprises and micro-lending organizations, and will provide benchmarks
  • funding for Charter Schools to fund stan-up costs for up to 3,000 schools. • Expansion of CDFI Fund from $50 million to $125 million. • Proposed $34 million increase in funding for IllYIAIDS prevention and treatment. • Proposed $957 million
Mayors [2] (Item)
  • institutions (CDFis). In 1995, Congress appropriated $125 million for the initiative, and the Administration has requested an additional $375 million over the next four years. • The Act creates a fund to provide equity investments, deposits, grants, loans
4/95 Iowa (Item)
  • , promoting rural development, and protecting the environmental in rural communities in 35 states. Another target is support for Community Development Financial Institutions (CDFI). The Economic Development Bank Act, which I signed on September 23, 1994, would
  • we could place the IDA program within the Treasury Department instead of at HHS (as the Coats-Harkin bill does) and direct the Community Development Financial Institutions (CDFI) fund to set-aside funds from its existing budget request for FY99 to pay
  • to introduce next year on reform of the Federal Home Loan Bank system. Paul is working on a project for POTUS to provide him with real, understable statistics on how th~ CDFI program will e~fect Americans. Paul states that the good news on Risk is that USDA
Pillars [1] (Item)
  • same numbcr of applicants as li.nit rowtd, the rdtio qf applicants to winners is 25 to I. BUILDING BLOCKS OF PILLAR CDFis DESCRIPfiON This initiative established the CDFI FWld which provides grant to _create a national network of conmiWlity banks
  • transit to help welfare recipients and other low income workers get to work. ., Community Development Financial Institution (CDm Expansion. The Administration requested t'I major expansion of the CDFI program to continue building a national network
  • for HOPWA ($232 million). $24 million for Selective Service ($24 Inillion). $12 million for Montreal Protoco! (SI2111i!Eon), • • • .. .- $15 million for CDFI (ensuring that the program would cot be cut) ($95 million), $70 million for urhanlrural EZltes
[07/01/1997] (Item)
  • -including the Welfare jobs initiative, EITC, EZs, CDFIs, changes to CRA, the minimum wage increase, One Stop Career Centers and Capital Shops, HUD's Bridges-to-Work, Home Automated Records Managemenf S~:')t2' Hex-Dump Conversion Ownership Zones, etc
[09/08/1998] (Item)
  • to strengthen links between inner cities and suburbs; and (4) minority entrepreneurship, including credit programs building on CRA and CDFI. Participating White House offices are: DPC, NEC, OVP/CEB, OPL, Intergovernmental, Legislative, CEA, CEQ, OMB
  • .........................................................................•... NSF/EPA: GLOBE ............................................................................... NASA: Intemational Space Station ....................................................... lommunity Dev't Financial Institutions (CDFI
  • .........................................................................•... NSF/EPA: GLOBE ............................................................................... NASA: Intemational Space Station ....................................................... lommunity Dev't Financial Institutions (CDFI
  • the. country. l I . I The legislation sets forth a program of federal support for a wide range : of specialized lenders known as community development financial institutions i (CDFI) that target the development needs of distressed rural and urban
  • a nationwide network 6f community development banks. I ' After the election, one of the first things the President did was to set : , ' , t() work to , people I . ' ' turn that vision into a reality, anq out of that came the CDFI Fund which waS enacted
Budget 1997 (Item)
  • billiot expand access to credit and capital assistance to 32 CDFIs over the next 5 years. to distressed communities. in 1996. Created thefirstfederal Empowerment Tanes and Enterprise Communities in 1994, providing assistance to distressed urban and rural
  • that, in turn, invest in businesses located in these communities. This is twice the level included in the President's FY00 budget. Eligible entities would include Community Development Financial Institutions (CDFIs) such as community development banks, credit
[08/05/1997] (Item)
  • OF PILLAR DESCRIPTION TIMELINE BENEFITS COSTSIFEASmILITY POLITICAL RAMIFICATIONS PRESIDENTIAL TIME COMMITMENT Community Development Financial Continue implementation of CDFI program, which The first awards were made last year totaling $37.2
  • . BUILDING BLOCKS OF PILLAR DESCRIPTION TIMELINE BENEFITS COSTSIFEASmlLITY POLITICAL RAMIFICATIONS PRESIDENTIAL TIME COMMITMENT Community Development Financial Institutions (CDFIs) This initiative established the CDFI Fund which provides grants
  • FS4B7B290AE049F7F6FC081FF86092703957CB7C122E60DCB53C46F47CBD3BF92523D522009988 2EA185845F7191866BC1699494EOF6765AB580AD3AD7DCE603AFE6FA5EE36E563FC8BC3BC99F88 .,. COMMUNITY EMPOWERMENT INITIATIVES Access to Capital and Credit 1. CDFI Tax Credit. We are looking at a proposal to extend tax incentives to encourage investment
  • ) Community Empowerment 36. CDFI Tax Credit ($10 million per year) 37. Microcredit Initiative 0 38. Clean Water, Parks, and Communities Bonds ($200 per year) 39. LIHTC Expansion ($1.6 billion over five years) 40. Homeownership Tax Credit ($500 million over
  • Americans. -CDPI Tax Credit. In 1996, we proposed a tax credit for investors in CDFIs. We could re-propose this $100 million non-refundable tax credit. The maximum amount of credit allocable to a particular investment would be 25 percent of the amount
  • ' Community Development Financial Institution (CDFI) Expansion. The Administration requested a major expansion of the CDFI program to continue building a national network of community development banks. The final budget increases CDFI funding from $95 million
  • legislation for Federal in community banks (CDFis) and reforming the Community Reinvestment· Act to generate close to $100 billion iri. community development lending and investment from· banks and thrifts · creating affordable housing by inaking the low-income
  • (CDFis) and reforming the Community Reinvestment Act to generate close to $100 billion in community development lending and investment from· banks and thrifts • creating affordable housing by making the low-income housing tax credit permanent
  • 13 14 15 16 19 20 21 22 23 26 27 28 29 30 M C -I S 3 10 17 24 September 07, 1994Wednesday Michael Waldman's calendar 7:30 AM - 8:00 AM Communications Dept. Meeting 9aO^AM^t».30 AM REA Meeting-Reich- d^^ceUJT 1:00 PM - 2:00 PM CDFI Bill Signing
Budget '99 (Item)
  • projects, project-based rental assistance, job training and other social services. • CDFI Expansion. The Administration is requesting a $45 million increase in CDFI funding (from $80 million to $125 million). The increased funding also would be used in part
  • launched another of the President's major community empowerment initiatives, the Community Development Financial Institutions (CDFI) program. The CDFI program fulfills the President's campaign promise to create a network of community . development banks
  • over ten years in mandatory funding for second-round urban and rural EZs. Funds could be used for economic development and housing projects, project-based rental assistance, job training and other social services. CDFI Expansion. The Administration
[08/26/1997] (Item)
  • over ten years in mandatory funding for second-round urban and rural EZs. Funds could be used for economic development and housing projects, project-based rental assistance, job training and other social services. , .' • CDFI Expansion
  • ). • Propose (again) to provide a tax credit to businesses that provide child care services for their employees ($500M/5 years). Provide tax credits to businesses that provide on-site schools {see education section). Community Empowerment CDFI Tax Credit (DPC
  • . The .. President won $70 millioni in funding for Rural and Urban Empowerment Zones in FY 2000 -- after Congress initially provided no funding. 1 Comm~nity;Dev~lopment Fina~cial Expanding Access to CaJital with Institutions (CDFI). Proposed and signed into law
  • o n s (CDFI) Fund. The Fund w i l l help promote the development of micro-lenders and other f i n a n c i a l i n s t i t u t i o n s dedicated t o community development through f i n a n c i a l support, t e c h n i c a l assistance and t r a i n i
  • Community Development Financial Institution (CDFI), the LACDB is a CDFlin the sense that it will target low- to moderate-income communities, will provide credit and capital to places and individuals currently not being served by mainstream banks
Tax Credits (Item)
  • million) to be alloea!.ed by the CDFJ Fund (effectivc dote I/ln8). 5 yr: (SO.03b) 10 yr.: ($OJ)9b) " ' Senate Republiun Leaderihip Package (LoU} ne"dopmeot FinllD
  • 65 10 150 78 75 50 25 27 66 40 25 50 661 [~ltratl.a~ Page , , , HUD Abandoned Buildings 100 SBA Trillion Dollar Roundtable Department of. Treasury Trillion Dollar Roundtable (CDFI) Firearms Enforcement Iw/DOJ) Financial Consumer Bill of Rights
  • OO"""'IIIIDes We need to build on existing modcls (SIlch as EZlEC, CDFI, and others) and better liDk welfare programs to work programs at the federal, state, and local levels. We plan to work with TreaSUIy on the development of this paper
  • ; funding PRIME -- a' program providing technical assistance to low-income . entrepreneurs; boosting CDFI funding; expanding support for BusinessLINCto encourage large businesses to work with small businesses in new markets; and establishing it New Markets
  • of the Child Chinese Immigrant Smuggling Cities in Schools Civil Rights Working Group Climate Change Action Plan Process Clinton Legacy CDFI Community Development Banks (2) Community Empowerment Conference of States Consumer Products Safety Commission
  • #5299 Date: File: Children's Issues. Childhood Disability U.N. Convention on the Rights of the Child Chinese Immigrant Smuggling Cities in Schools Civil Rights Working Group Climate Change Action Plan Process Clinton Legacy CDFI Community Deveiopment
  • legislative items: I o • Ensuring fU,nding for the Community Development Bank and Financial Institutions [(CDFI) Fund, so the program can start in this fiscal year. Timeframe:: By end of FY95. Lead DPC Staff: Paul Weinstein. o Defending against efforts
  • , . ' be involved with several other legislative items: . , :' . ' 0' o . " EnSuring funding for the Community, Development Bank and F'mancial Institutions (CDFI) Fund, so the program can start in this fiscal year. TImeframe: By 'end of FY95.. ,Lead DPC
  • . sf '.' . ' .. " , , ' Event " ., . ','.' ,." ".! .'" .', "., ..' ,", ,. gu, 16 1994 August 17, 1994 , -Remarks by the First lady at CDFI Heal~hright Eve~t Sept. ('i994 .' Remarks by the First Lady ,at Kathleen ~rown Fundraiser :",", . . Remarks
  • be improved. • 23. The Administration would propose a $50 million increase in JobCorps funding ~ over five years, that's an additional $250 million. $225 MILLION FOR CDFIs TO EXPAND THE AVAILABILITY OF CREDIT IN DISTRESSED URBAN AND RURAL AREAS
[06/12/1998] (Item)
  • the Treasury Department instead of at HHS (as the Coats-Harkin bill does) and direct the Community Development Financial Institutions (CDFI) fund to set-aside funds from its existing budget request for FY99 to pay for its operations. Option 1: Endorse Coats
Businesses (Item)
  • to stimulate $22 billion in new investment in urban and rural areas. Expanding Access to Capital with Community Development Financial Institutions (CDFI). Proposed and signed into law by the President in 1994, the CDFI Fund, through grants, loans and equity
[11/05/1997] (Item)
  • transportation funds receive $500 million over the next five years. • $225 MILLION FOR CDFIs TO EXPAND THE AVAILABILITY OF CREDIT IN DISTRESSED URBAN AND RURAL AREAS. The Community Development Financial Institution (CDFl) fund is designed to expand
Mayors [4] (Item)
  • -sector investment in these communities include the Emppwerment Zones · and Enterprise Communities· (EZ/EC) program, the Community Development Financial · . Institutions (CDFI) Fund, reformed enforcement of the Community Reinvestment Act
  • forward on implementation of second round. POLITICAL RAMIFICATIONS Assuming same number of applicants as first round, the ratio of applicants to winners is 25 to I. BUILDING BLOCKS OF PILLAR CDFh DESCRIPTION This initiative established the CDFI Fund
  • , the FHLBB should have a new mission: working side-by-side with CDFIs to fuel economic revitalization in our most distressed communities through affordable financing of a range of job-creating projects. (4) Combating Discrimination and Hate : The fight
  • , (202) 647-9358, DOS. ~ 5. Women' and Economic security. The Department of the Treasury, through the community Development Financial Institutions ,(CDFI) F~nd, is establishirig a Presidential Awards program to honor outstanding 'micro-lending
  • -- Meeting with Frank Newman Undersecretary of Treasury (Aug. 24) on str~tegy for President's CDFI bill. • CD Banks -- Meeting in Frank Newman's office on Aug 25 with Senate Banking Committee staff on CDFI legislation. ! MEMORANDUM FOR MACK. MCLARTY
  • Institutions.(CDFI) Fund that will expand the capacity of the network of community developinent financial institutions across the country, spurring the flow of capital to distressed neighborhoods and low-income residents. The President's budget requested $125
  • the Nation: The final budget includes $95 million for the Community Development Financial Institutions (CDFI) Fund. PROGRESS ON THE NEW MARKETS INITIATIVE: In his State of the Union, President Clinton proposed to bring more private investment to all "areas
  • . ' .' Expanding Access to Capital with Community Development Financial Institutions (COFI). Proposed and signed into law by.the President in 1994, the CDFI Fund, through grants, loans and equity investments, is helping to creat~ a network of community development
  • for 50,000 vouchers. , t/ Access to J~bs: $75 million to lInk people on welfare to jobs. y Community Development Financial Institutions (CDFI) Fund: A 20% expansion, III Empowerment Zones: S60 million in flexible funding. , A Strong Research
  • $15 billion of new private capital in businesses in America's own untapped markets. • Community Development Financial Institutions (CDFI) Fnnd: A $30 million increase to provide 5125 million to increase capital availability and development
  • To Capital For All Americans. *CDFI Tax Credit. In 1996, we proposed a tax credit for investors in CDFIs. We could re-propose this $100 million non-refundable tax credit. The maximum amount of credit allocable to a particular investment would be 25 percent
  • organizations. The SBA, the CDFI program of the Treasury Department, and welfare reform programs under HHS all have different objectives and different criteria. Such support should be coordinated at the federal level. e o e Support state-level intermediaries
  • contains a complete set ofFY98 Budget initiatives, including the expans,ion ofEZs and ECs, Brownfields, CDFI and the welfare-to-work tax credit and tax incentives for FSC software, D.C., and Puerto Rico, and the equitable tolling provision. It extends
  • Tax Credit. In 1996, we proposed a tax credit for investors in CDFIs. We could re-propose this $100 million non-refundable tax credit. The maximum amount of credit allocable to a particular investment would be 25 percent of the amount invested. e
  • be used in part to acceicmlc development of a secondary market for CDFI loans. .. Drug,f Community Empowerment Fund. $400 million community cmpo\\'Cnnent fund that will help local governments attract more businesses t and jobs to poor and undcTserved
  • , the Administration proposes the following: ' • Vtilize the resource,s of finanCial institutions in rural areas to help capitalize Community Development Financial Institutions (CDFIs). CDFIs offer capital and technical assistance to low-income' communities, the areas
Urban Issues (Item)
  • of communities whose credit needs are not being met by mainstream banks. The bill will authorize $382 million over four years for a CDFI Fund which will offer capitalization assistance on a matching basis to existing and new community development financial
  • , CDFI, Emp Zones). Promote and fund education programs for minorities from Head Start to college to worker re-training. Foster a strong, growing economy. Mentor minority youth. Lower poverty rates, increased income, education, middle-class. Higher rates
LATINO Issues (Item)
  • is interested in having us move the CDFI Fund under the auspices of SBA. • Bank Consolidation -- Attended meeting of working group on banking headed by Frank Newman of Treasury to discuss the Administration's bank consolidation bill. This is a mixture
  • .../:,:. ': .' " " . ', ,; >, ,.' /" / 1 " .. " .' " , ' ," f ' , ",';
  • ~ . . r07'1-a___ ~lked-w~t~ea-~ M-334 . lO:45am call FOLLOW-UP . - DISPOSITION ~~ - e ~\JJ Carol H . CALLER Bob Nash 720-4581 . DATE/TIME 10/14 - Call List ·MESSAGE FOLLOW-UP Re: First, Empower Zones. Seco ,CDFI. Also, g o meet with issues
  • on CRAand CDFI. Participating White House offices are: DPC, NEC, OVP/CEB, OPL, Intergov~rnmental; Legislative, CEA, CEQ, OMB. Participating agencies are:. Treasury, L~bor, Commerce, Transportation, HUD, SBA, and Interior (for Native American
  • -funded Highway Projects. 6. $250 Million to Open Additional JobCorps Centers And Improve Existing Ones. 7. $225 Million for CDFIs to Expand the Availability of Credit in Distressed Urban and Rural Areas. V. IMPROVE INTERNATIONALLY RECOGNIZED LABOR
  • proposed and signed into law the Community Development and Regulatory Improvement Act in August 1994 which authorizes the creation of a network of new and existing Community Development Banks and Financial Institutions (CDFIs) across the country
  • , so that prospective adoptive parents can learn about these waiting children. Funding this registry would require very smally increase in HHS's Adoption Opportunities Grant Program. (OPC) COMMUNITY EMPOWERMENT (D1'CINEC for all) 1. CDFI Tax Credit. We
[01/16/1998] (Item)
[01/14/1999] (Item)
  • in perspective. Economic Development: On top of your Empowerment Zones, the Community Reinvestment Act, the Community Development Financial Institution (CDFI) fund, you will announce on Friday the New Markets Initiative, which will dramatically expand capital
  • (including Empowerment Zones, CDFI, homeownership strategies, and ) along with 2B. The real challenges that remain, specifically: job growth disparity between cities and suburbs, increased poverty concentration in central cities, and continued middle-class
  • "a model of innovation and creativity for the rest of the nation... If the CDFI appropriation remains mired (it was reduced to $50 million as a result of the FY 1995 rescissions bill and receives no funding in the FY 1996 appropriations bill) it should
Welfare-IDAs (Item)
  • are investigating whether we could place the IDA program within the Treasury Department instead of at HHS (as the Coats-Harkin bill does) and direct the Community Development Financial Institutions (CDFI) fund to set-aside funds from its existing budget request
  • regional strategies to strengthen links between inner cities and suburbs; and (4) minority entrepreneurship, including credit programs building on CRA and CDFI. Participating White House offices are: DPC, NEC, OVP/CEB, OPL, Intergovernmental, Legislative
  • for education, emergencies, home ownership, or business investment. Individual contributions can be matched to incent more savings. (The FY 2 0 0 0 budget doubles funding for IDAs.) Reauthorize the Community Development Financial Institution (CDFI) Fund
  • economic and other data on major Administration economic development initiatives, including CRA reform, Empowerment Zones/Enterprise Communities, CDFI program, reform of Low Income Housing Tax Credit and Mortgage Revenue Bond Program, Public Housing Reform
  • a year for rural ECs. Expanding Access to Capital with Community Development Financial Institutions (CDFI). Proposed and signed into law by the President in 1994, the CDFI Fund, through grants, loans and equity investments, is helping to create a network
Beijing (Item)
[03/10/1999] (Item)
  • -up money for new businesses and new building is a daunting task. I am proud that the Community Development Financial Institutions (CDFI) Fund, which works alongside mainstream institutions in expanding access to capital in low-income communities, has
  • ·~rscrvcd communities, which have helped generate more than $1 billion in private sector investment commitments. Expanding Access to Capitsl through Cnmmunlt-y Development Financial Institutions (CDFI). Proposed and signed into law by the President in 1994
  • previously scheduled for Wednesday). The NEC believes that the focus of the USCM speech should be on the economy (GDP numbers are released that morning) and on our whole community empowerment agenda -- the New Markets Initiative, School Construction, CDFIs
  • example. .) State of the Cities Report (USCM) • • Cities doing better, challenges ahead: Jobs mismatch Future Agenda i.e. EZ Round II, CDFI, Brownfields. etc plus new announcements: I) Urban Homesteading L .. I­ -y 2) New HUD... • Officer next
Transition (Item)
  • ofovernight stays at the White House. • VAlHUD..Programs most Iilrely to be eut in this bill include Superfund, climate change, housing vouchers, CDFI, and America Reads. We expect the House to tty again to tenninate National Service. Attachment 5
  • given to the National Institutes of Health, Community Development Financial Institutions. OMB, Treasury, and the NEC support a recommended settlement that provides total CDFI spending of $1 billion over 1998-2002, Temporary Emergency Food Assistance
[06/20/1997] (Item)
  • and this Administrations's urban policies (including Empowerment Zones, CDFI, home ownership strategies, and) along with 2B. The real challenges that remain, specifically: job growth disparity between cities and suburbs, increased poverty concentration in central cities
  • with CDFIs to fuel economic revitalization in our most distressed communities through affordable financing of a range of community development arid job-creating projects. In general, these entities commonly assert that they are "private" and must therefore
[01/13/1999] (Item)
[02/24/1997] (Item)
[08/13/1997] (Item)
  • of applicants to winners is 25 to I. CDFls This initiative established the CDFI Fund which provides grant to create a national network of community banks, credit unions, loan funds, microlenders, etc. in low·income and distressed urban and rural communities
  • could use the housing vouchers to move closer to a "new job or secure more stable housing. Community Development Financial Institutions (CDFI). The Administration has requested a $45 million increase in CD FI funding (from $80 million to $125 million
[06/23/1998] (Item)
[07/22/1998] (Item)
  • ) since 1995, creating or saving over 7,000 jobs. And more than 700,000 rural citizens now receive additional services in the EZ/EC's as a result of USDA loans, grants, and programs. [ADD INFO FROM USDA, SBA, CDFI?] 2. IMPROVING THE FARM INCOME SAFETY
  • AN Home Page. This is an official U.S. Government source for information on the WWW. Inclusion of non-U.S. Government links does not imply endorsement of contents . . • 3 of3 I 0/24/2000 12:46 PM Institutions (CDFI) Fund, including $5 in technical
Worker Issues (Item)
  • , particularly CDFis, will be engines of community-based growth and investment. Additional tools include: * * Empowerment Zones Title XX investments in self-sustaining institutions Tax-breaks for investments in Community Development Corporations Tax-breaks
  • : Endorsers [2] [OA/ID 13660] Gould Nomination: Miscellaneous [OA/ID 13660] Gould Nomination: [Communication Issues] [OA/ID 13660] CDFI [Community Development Financial [OA/ID 13660] Institutions] Event BOX 39 Regulatory Reform [1] Regulatory Reform [2
  • racism, etc. (e.g. military not cops) 2) opportunity 3) education DIS CRIMINATION -- eeoc -- HUD efforts? OPPORTUNITY 1. Housing -- make all public housing safe (COPS announcement) -- vouchers 2. Capital -- CDFI, CRA -- E-zones 3. Environment
  • ; the Community Development Financial Institutions (CDFI) Fund; and the Special Supplemental Nutrition Program for-Women, Infants, and Children (WIe). 'While the senate version of the bill representa a significant improvement over the House-passed bill