Perlow added, "Our thanks to the CDFI
Fund for their invaluable assistance with this project.
Today's awards highlight how much the CDFI
program has contributed in its 20-year history toward building a strong network of CDFIs
across the country," CDFI
Fund Director Annie Donovan said.
will be able to use Bank products and services to achieve its community finance mission," said Dean Schultz, President and Chief Executive Officer, FHLBank San Francisco.
By facilitating the CDFI
application process and, ultimately, increasing the number of certified CDFI
credit unions, were laying the foundation for greater access to affordable financial services and more investment in local communities.
The NCUA said CDFI
certification has been the doorway to the largest source of non-deposit capital for credit unions.
The Wachovia CDFI
Excellence Awards presented by the National Community Capital Association focus attention on those leaders in the field of community development who have demonstrated excellence in their efforts to service communities of opportunity.
The University of Tennessee at Chattanooga (UTC) benefits from stable demand and steady enrollment growth, resulting in continued demand for campus housing, for which CDFI
provides just over half of all beds available to residential students.
that participate in the CDFI
Bond Guarantee Program are at the cutting edge of community development finance.
Donovan put defending and expanding the CDFI
Fund's budget at the top of the fund's priority list for 2015, pointing out that the fund has enjoyed five years of strong bipartisan budget support in Congress, but that the fund cannot take that for granted going forward.
Credit unions that are certified can take advantage of training and competitive award programs provided through the CDFI
The grant award is funded from the Native American CDFI
Assistance program, for certified Native Community Development Financial Institutions (Native CDFIs
5m in the firm, which is believed to be the largest such investment in Clearinghouse CDFI