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What is Community Development Capital Initiative mean?
The Community Development Capital Initiative (CDCI) was a 2010 United States Treasury initiative that invested $570 million in small banks and credit unions as part of the Troubled Asset Relief Program (TARP) bailout. Eligible institutions had to be designated community development financial institutions (CDFI's). CDFI's attempt to make 60 percent of their loans to underserved communities. In exchange, they are eligible for special federal capital assistance.
referencePosted on 18 Oct 2024, this text provides information on Miscellaneous in Community related to Community. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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