Topic: Community Development Finance
Researchers find that community development financial institutions play three key roles in mortgage finance for low-income and minority borrowers: as alternative lending sources, as complements and partners with mainstream financial institutions and as innovators within the mortgage market.
Janneke Ratcliffe examines early indications that certain private equity investments may result in substantial benefits in the way of economic development by capitalizing underserved but promising businesses. At the same time, they highlight the need for more consistency and rigor in measuring the social outcomes of such investment.
Center researchers document the social outcomes of Banc of America’s Capital Access Funds, which channel private equity to under-served markets. Banc of America Capital Access Funds (BACAF) is a fund of funds channeling private equity capital to underserved markets. BACAF … Read more
This paper examines the feasibility of tapping North Carolina’s unclaimed property, or “escheats” fund, as a potential source of patient capital for business development in the state. Improving capital access, especially access to equity, has become an increasingly important component of … Read more
With some innovative changes, public housing is making a comeback. If new spending is a reasonable measure of the country’s priorities, then few areas of domestic national policy have experienced as dramatic a decline in favor over the past 25 … Read more
A case study describes how significant engagement with community organizations and public officials helps a major employer in a declining industry remain competitive and a low-income minority neighborhood build a competitive workforce and prosper. The partnership between Eaton Corporation’s Navy … Read more