Community Development Capital Initiative
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).[1][2] CDFI's attempt to make 60 percent of their loans to underserved communities. In exchange, they are eligible for special federal capital assistance.
References
- ^ White, Sammis B.; Zenia Z. Kotval (2012). Financing Economic Development in the 21st Century. M.E. Sharpe. pp. 222–223. ISBN 9780765636515.
- ^ Warren, Elizabeth (2011). Assessing the TARP on the Eve of Its Expiration. DIANE Publishing. p. 56. ISBN 9781437940305.