Expanding Access to Capital for CDFIs

On Tuesday, May 14, 2024, the Federal Reserve Bank of New York will host a hybrid event focused on expanding access to capital for Community Development Financial Institutions (CDFIs).

CDFIs, which are certified by a sub-agency of the U.S. Department of Treasury, are mission-driven financial institutions that specialize in lending to low- and moderate-income communities. CDFIs have access to sources of capital that aren’t available to other financial institutions, including technical assistance grants and long-term capital at below-market rates. But those sources of capital are limited.

The New York Fed’s Community Development team has been exploring how CDFIs can expand their access to capital to make more loans to low- and moderate-income communities.

Speakers at the event will explore the current state of capital access for CDFIs, including origination and sale of loans by CDFIs; discuss the challenges and opportunities for the industry to expand; and give an overview of potential policy initiatives.

In-person registration closes at 11:59 pm on Thursday, May 9, 2024.

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Location

This is a hybrid event with in-person and virtual attendance options.