Future of community development: How CDFIs can best ride the impact investing wave
Bugg-Levine states that changing needs and changing funding sources require that community development reinvent itself. Impact investing can be a major new funding source, but community development risks being left behind unless it can meet the needs of impact investors for diversified investment, national investing platforms that invest locally, off-balance sheet activities (i.e., not enterprise funding), and convincing impact. More broadly, the industry needs to focus on solving problems, recognizing that investment is only one part of the solution. NFF is using a strategy it calls “Complete Capital,” which involves work with a broad range of partners to build both capital stacks and human resources to solve problems. CDFI, experienced in getting results and working with communities, can be on the forefront, but need to embrace broader collaboration and solutions that go beyond investment.
|This book is provided by Federal Reserve Bank of San Francisco in its series Monograph with number 2012fochccbrtii and published in 2012.|
|Contact details of provider:|| Postal: P.O. Box 7702, San Francisco, CA 94120-7702|
Phone: (415) 974-2000
Fax: (415) 974-3333
Web page: http://www.frbsf.org/
More information through EDIRC
|Order Information:|| Email: |
When requesting a correction, please mention this item's handle: RePEc:fip:fedfmo:2012fochccbrtii. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Noah Pollaczek)
If references are entirely missing, you can add them using this form.