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The Community Development Financial Institutions Fund (CDFI Fund) in the U.S. Department of the Treasury was authorized to administer the program. CDEs apply to the CDFI Fund each year for an "allocation authority" (the authority to raise a certain amount of capital, known as Qualified Equity Investments (QEIs), [5] from investors). In 2001 ...
As of September 1, 2005, there were 747 certified CDFIs in the U.S. The CDFI Fund offers a variety of financial programs to provide capital to CDFIs, such as the Financial Assistance Program, Technical Assistance Program, Bank Enterprise Award Program, and the New Markets Tax Credit Program. [2]
Capital Impact also facilitates financing deals that include New Markets Tax Credits and the Bond Guarantee Program awarded by the Department of Treasury through its Community Development Financial Institution Fund to promote access to capital and local economic growth in urban and rural low-income communities across the nation. [6] [65] [66] [67]
The Biden administration appears to be exploring the possibility of a sovereign wealth fund. Last week, Donald Trump proposed a similar idea. The fund could support technology, energy, and supply ...
Speaker Mike Johnson and Senate Republicans are looking for ways to advance their agenda next year if Trump were to win the Presidency. Top of the list: a tax overhaul. GOP plots big push to ...
That comes as Trump has vowed to make his 2017 tax cuts permanent, while Biden has said he would let the cuts expire but wouldn't let taxes go up for Americans who earn less than $400,000 a year.
The Local Initiatives Support Corporation (LISC) is a US non-profit community development financial institution (CDFI) that supports community development initiatives across the country. It has offices in nearly 40 cities and works across 2,100 rural counties in 44 states. [ 2 ]
Donald Trump has not been shy about discussing stocks since he left office in 2021, with his rhetoric changing dramatically depending on the market's ups and downs. How Trump has talked about ...