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Community Investments Vol 21, Issue 3
For the past thirty years, low- and moderate-income communities have been able to draw upon credit and capital made available through a vast network of community development finance organizations. This network includes a broad range of different types of organizations and investors, such as community development finance institutions (CDFIs), banks, venture funds, and socially motivated investors, all dedicated to providing much needed financing for community development efforts. Despite the industry’s sound investment practices and strong performance record, it has not been spared from the painful effects of the economic recession. These organizations are faced with troubled portfolios and dwindling capital resources, at the very same time that low- and moderate-income communities are most in need of their services.
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