In Case You Missed It ...
The CDFI Friday panel on November 13 explored "Creating Community Wealth Through Community-Controlled Investment." Watch the video of the panel to learn about:
- Community Control of Capital: An Emerging Model
- Discussing experimentation with new models of community development. Community-controlled investment funds: Oakland’s East Bay Permanent Real Estate Cooperative (EBPREC) and Boston Ujima Project as examples.
- Engaging with the Emerging Model: Application in the Capital District
- Describe Buy the Block initiative in the Capital District as local example of emerging model.
- The Original Intent of CDFI’s: An assessment
- Federal law definition of CDFIs, the goals of the model, and challenges in meeting these goals
- CDFIs and Buy the Block: connecting CDFIs & Banks to the emerging model
- Discuss potential role of CDFIs in community control of capital initiatives such as this one. Finally, discuss how such initiatives can provide CRA credit for banks through partnerships with CDFIs and/or community-controlled investment funds.
The talk was tailored to members and supporters of the Coalition, a nonprofit association that provides advocacy and resources for New York’s community development financial institutions.
You can watch the video with the link above, and be sure to sign up for our next webinar to be a part of the conversation!
The 2020 #CDFI Fridays series is sponsored by JP Morgan Chase, M&T Bank, Wells Fargo, Amalgamated Bank, BNB, Capital One, Citizens Bank, Community Preservation Corporation, Hanover Bank, Ponce Bank, TD Bank, Valley and Woodforest National Bank.