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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.
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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)
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