Community Development Capital Initiative : Status of the Program Investments and Participants
Community Development Capital Initiative : Status of the Program Investments and Participants
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Author(s): Clowers, A. Nicole
ISBN No.: 9781457868504
Pages: 30
Year: 201506
Format: Trade Paper
Price: $ 27.60
Dispatch delay: Dispatched between 7 to 15 days
Status: Available

The Treasury Department established the Community Development Capital Initiative (CDCI) in February 2010 to help banks and credit unions certified as Community Development Financial Institutions maintain their services to underserved communities in the aftermath of the 2007-2009 financial crisis. The program's initial dividend or interest rate of 2% on investments increases to 9% after 8 years in 2018. This report examines (1) the status of the CDCI program and the Treasury Department's plan for winding down the program; (2) the financial condition of remaining program participants; and (3) how the future dividend and interest rate increase could affect the remaining participants. Tables and figure. This is a print on demand report.


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