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The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.
Community investing, a subset of socially responsible investing, allows for investment directly into community-based organizations. Community investing institutions use investor capital to finance or guarantee loans to individuals and organizations that have historically been denied access to capital by traditional financial institutions.
Rhode Island's first-ever community investment fund is designed for situations like these. There's nothing else like it in the country, according to Jessica David, one of the founders.
The final report also called for nonprofit and government officials to assist this new effort to open untapped markets by fostering "community capitalism", which it defined as a "for-profit, business-driven expansion of investment, job creation, and economic opportunities in distressed communities, with government and the community sectors ...
Community Development Banking Institution (CDBI) is an alternate designation designed by National Community Investment Fund (NCIF) to identify US banks that locate branches and provide loans in economically distressed communities. [6]
An Urban Wealth Fund (UWF), Local Wealth Fund, or Community investment fund [1] is a local government-owned Public Wealth Fund, a holding company that owns, manages, and develops operational and real estate assets, mainly within its jurisdiction at the city, county or regional level of public administration.
Social enterprises: Social enterprises represent the demand for investment in social finance. They absorb the capital invested by investors, reinvest this money in various socially beneficial initiatives, or social investments, and finally deliver investors twin social and financial returns on their investment. [8]
“The community investment officer is our liaison to the nonprofits in our community. This is a vital role at the foundation, and we are excited to have Bobby join our team,” foundation ...