Community Development Bankers Association

CDBA CEO Jeannine Jacokes participated in the Sones & White Annual Conference, representing CDFI banks and the critical role they play in our communities. The conference brought together industry leaders and partners for a comprehensive look at the latest in policy updates, CDFI priorities, and practical insights that empower CDFI banks to make a lasting impact. The Justice Climate Fund session offered valuable insights into the future of green lending and its transformative potential for underserved communities. CDFIs are well-positioned to lead in these areas, advancing economic justice and promoting sustainable growth where it is most needed. A huge thank you to Sones & White for creating a platform where these vital conversations can continue to shape the future of community finance! #CDBA #GreenLending #CDFI #JusticeClimateFund #CommunityImpact #SonesAndWhite

🏠 Innovating Affordable Homeownership in South LA! Genesis LA is redefining affordable homeownership through unique equity-sharing models in South Los Angeles. Working within the 3C national initiative, they’re bringing ownership within reach for local residents like community organizer Christian Flagg and journalist Lauren Jones—who’ve faced steep housing prices in LA. With support from the Center for Community Investment and JPMorganChase, Genesis LA and its partners, including TRUST SOUTH LA, are crafting community-specific solutions, from using California’s HOME Act to a land trust model. These projects are not just creating homes—they’re creating lasting community wealth and stability. As housing costs soar, initiatives like these bring hope to those who’ve long called South LA home. For Genesis LA, there’s no “one size fits all” solution. Through collaboration, innovation, and grit, they’re paving the way for more inclusive homeownership. https://lnkd.in/dAhesNvB #CDFIFutures #AffordableHousing #SouthLA #Homeownership #CommunityDevelopment #HousingEquity

CDBA CEO Jeannine Jacokes participated in the Logue Advisory Group, LLC’s Annual Conference in West Monroe, LA, alongside Holly Logue. Together, they addressed pressing issues impacting the CDFI banking sector and explored strategies for supporting community development. Thank you to the Logue team for convening a dedicated group committed to advancing financial inclusion.

The Community Development Bankers Association, Inclusiv, and the National Bankers Association are hosting a special webinar, “Educational Webinar on Funding, Liquidity, and Capital Resources for ECIP CDFIs & MDIs." *Exclusively for ECIP Institutions with the U.S. Department of the Treasury/ECIP participation. The 90-minute webinar on October 17th at 2 pm ET, will address liquidity, capital, and balance sheet management challenges and offer three sets of solutions that can serve as models from financial market leaders focused on the CDFI and MDI depository industry. We hope the presentations will generate a substantive discussion of the liquidity and capital issues and potential solutions among the presenters and the ECIP institutions. ‣ What:  Educational Webinar on Funding, Liquidity & Capital Resources for ECIP CDFIs & MDIs ‣ When: Thursday, October 17, 2024, 2:00 PM – 3:30 PM EST ‣ Hosted by:  CDBA, NBA, and Inclusiv  ‣ Register here: https://lnkd.in/dXc-PmcR

For CDFI banks and mission-driven organizations, having a clear Impact Strategy and the right metrics in place is critical to maximizing the positive outcomes we strive for in our communities. This series will provide valuable tools for aligning activities with long-term goals and driving lasting impact.

Join us for an important webinar on funding, liquidity, and capital resources, co-hosted by the Community Development Bankers Association, Inclusiv, and the National Bankers Association! Educational Webinar: Funding, Liquidity & Capital Resources for ECIP CDFIs & MDIs 🗓️ Date: October 17, 2024 🕑 Time: 2:00 PM – 3:30 PM ET 💻 Location: Virtual (link provided upon registration) Exclusively for ECIP-participating institutions, this 90-minute session will explore liquidity, capital, and balance sheet management challenges. Gain insights from financial leaders offering innovative solutions tailored to the CDFI and MDI depository industry. Speakers include: - Jessica Milano, Chief Program Officer, Office of Capital Access, U.S. Department of the Treasury - Steven Davidson CFA, Investment Director, ECIP - Experts from Mission Driven Bank Fund, Bank of America’s MDI/CDFI Bank Deposit Program, and Morgan Stanley Investment Management’s Calvert Mortgage Access Fund Don't miss out on this opportunity to engage with industry leaders and explore practical strategies for addressing liquidity and capital needs. Register today at: https://lnkd.in/dBTcZRsQ

It's Time to Start Preparing for the FY 2024-2025 NMTC Allocation Round The New Markets Tax Credit (NMTC) Program will soon open its next round, with $10 billion in Allocation Authority available for CYs 2024 and 2025. Here's what you need to know to prepare: ✅ Application Registration: Once the round opens, be sure to complete the Application Registration in AMIS by the deadline. ✅ CDE Certification: If you're not yet certified, submit your CDE Certification application by October 18, 2024 to be eligible. ✅ Stay Informed: Subscribe to CDFI Fund email updates to get notified when the application round officially opens. More details and resources are available on the CDFI Fund website: https://lnkd.in/dYAzR9uS

The Community Development Bankers Association was honored to attend the U.S. Department of the Treasury’s roundtable on September 25th, focused on how financial institutions can better serve small businesses, particularly women-owned and minority-owned enterprises. As mission-driven institutions, CDFIs play a critical role in ensuring access to capital for historically underserved communities. This discussion, led by Deputy Assistant Secretary Jeanette Quick, addressed the unique challenges small businesses face in accessing capital and explored potential solutions for fostering a more inclusive and competitive marketplace. We believe CDFIs are at the forefront of addressing these disparities, providing the financial services needed to create equitable opportunities for small businesses to thrive. Thank you to the Treasury for facilitating this important dialogue. #CDFI #SmallBusinessFinance #InclusiveEconomy #WomenOwnedBusinesses #MinorityOwnedBusinesses #CommunityDevelopment

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded $60 million in Financial Assistance (FA) to 43 community development banks and bank holding companies through the FY 2024 CDFI Program and Native American CDFI Assistance (NACA) Program. Of the total $408.2 million in awards this year, 37 CDBA members received 91% of the funding allocated to depository institutions, with 11 members receiving their first FA awards. In addition, $43.2 million NACA Program awards were disbursed to 25 CDFI organizations, and eight Native CDFIs received $4 million in PPC-FA awards. This includes two banks, both of which are CDBA members. This funding will enable mission-driven banks to continue delivering essential capital and financial services, supporting small business lending, affordable housing, and revitalization efforts in underserved communities. CDBA member banks are driving long-term economic resilience and laying the groundwork for sustained growth in communities across the country. Learn more about how CDBA members are making an impact: www.cdbanks.org. #EconomicOpportunity #CDFIFund #CommunityDevelopment #FinancialInclusion

Our CEO, Jeannine Jacokes, participated in a key conversation at the Clinton Global Initiative on the future of mission-driven capital. As the Community Development Financial Institutions Fund (CDFI Fund) celebrates 30 years, this dialogue reinforced the vital role CDFIs play in driving investment to underserved communities and building a stronger, more inclusive economy.