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The Federal Reserve Bank of San Francisco

COMMUNITY DEVELOPMENT INVESTMENT REVIEW

The Community Affairs Department of the Federal Reserve Bank of San Francisco created the Center for Community Development Investments to research and disseminate best practices in providing capital to low- and moderate-income communities. Part of this mission is accomplished by publishing the Community Development Investment Review three times a year. The Review brings together experts to write about various community development investment topics including:

Finance—new tools, techniques, or approaches that increase the volume, lower the cost, lower the risk, or in any way make investments in low-income communities more attractive;
Collaborations—ways in which different groups can pool resources and expertise to address the capital needs of low-income communities;
Public Policy—analysis of how government and public policy influence community development finance options;
Best Practices—showcase innovative projects, people, or institutions that are improving the investment opportunities in low-income areas.

The goal of the Review is to bridge the gap between theory and practice and to enlist as many viewpoints as possible—government, nonprofits, financial institutions, and beneficiaries. As a leading economist in the community development field describes it, the Review provides “ideas for people who get things done.” For submission guidelines and themes of upcoming issues, visit our website: www.frbsf.org/cdinvestments. You may also contact David Erickson, Federal Reserve Bank of San Francisco, 101 Market Street, Mailstop 620, San Francisco, California, 94105-1530.

 

Center for Community Development Investments
Federal Reserve Bank of San Francisco
www.frbsf.org/cdinvestments
Advisory Committee
Frank Altman
Community Reinvestment Fund
Jim Carr
Fannie Mae Foundation
John Kastellic
KeyBank
Andrew Kelman
FRB & Co.
Judd Levy
Community Development Trust
Kirsten Moy
Aspen Institute
Mark Pinsky
National Community Capital Association
John Quigley
University of California, Berkeley
Ruth Salzman
JP Morgan Chase & Co.
Bob Taylor
Wells Fargo
Kerwin Tesdell
Community Development Venture Capital Alliance
Center for Community Development Investments Staff

Joy Hoffmann
FRBSF Vice President
(415) 974-2228

Jack Richards
Community Affairs Director
(415) 974-3314

Scott Turner
Community Affairs Manager
(415) 974-2722

John Olson
Director, Center for Community Development Investments
(415) 974-2989

David Erickson
Review Editor
(415) 974-3467

 


 

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Find an article:

Foreword
Janet Yellen

About the Review

The New Markets Tax Credit Program: A Midcourse Assessment
Julia Sass Rubin
Gregory M. Stankiewicz
(PDF - 287KB)

Community Perspective: Is the NMTC Program Making a Difference in Low-Income Communities?
P. Jefferson Armistead
(PDF - 274KB)

The Political History of and Prospects for Reauthorizing New Markets
Benson F. Roberts
(PDF - 362KB)

Investor Perspective: How to Invest in NMTCs
Bob Taylor
(PDF - 140KB)

Case Study from Application to Construction: Clearinghouse CDFI Puts New Markets Tax Credits to Work
Doug Bystry
(PDF - 239KB)

Case Study from Application to Construction: Lenders for Community Development Puts New Markets Tax Credits to Work
Jeff Wells
(PDF - 231KB)

Trends and Observations from the CDFI Fund Director
Arthur A. Garcia
(PDF - 86KB)

How One CDC is Changing Neighborhoods with NMTC
Mary Nelson
(PDF - 81KB)

Making Markets Work
Cliff Kellogg
(PDF - 77KB)

NMTC Program Overview and Glossary
(PDF - 68KB)

Download Full Review
(PDF - 1.87MB)