Community Development Financial Institution

Innovation in Community Impact Investing

Article

by Andy Posner, founder, Capital Good Fund 

According to US SIF: The Forum for Sustainable and Responsible Investing, Socially Responsible Investing (“SRI”) has reached the $12 trillion asset mark. Unfortunately, the vast majority — 97 percent, to be precise — comprises investments in the traditional capital markets in which decisions are made using Environmental, Social, or Governance (“ESG”) criteria. While I applaud people adding ESG screens to their portfolio, it is imperative that we find ways to support direct, community-level investments.

Bank of America Launches Directory Listing Sources of Capital for Small Businesses

Directory Designed to Create More Awareness of Available Funding
Press Release

CHARLOTTE, N.C., October 1, 2015 /3BL Media/ – Bank of America announced today the launch of an online community development financial institution (CDFI) directory to connect small businesses to more capital. This nationwide directory, www.bankofamerica.com/cdfi, will enable entrepreneurs and small business owners to find a CDFI in their community, creating an opportunity to access funding to help grow their businesses.

CARS(TM) Rated CDFIs Make it Easier for Investors to Support Bottom-Up Economic Recovery in Distressed Markets

Leading Ratings Service for Financial Institutions Releases Four New Ratings of CDFIs in Florida, Kentucky, Maryland, and Pennsylvania
Press Release

PHILADELPHIA, PA, July 21, 2009 - Four community development financial institutions (CDFIs) from across the United States were rated by the CDFI Assessment and Ratings System (CARS(TM)) in the second quarter of 2009. This brings the total number of CDFIs rated to 48, a number of which have already been re-rated, demonstrating CDFIs' ongoing commitment to transparency and rigorous performance standards. Investors that subscribe to CARS(TM) receive detailed analyses that assess the financial strength and performance and impact performance for each CDFI.

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