CDFI Bond Guarantee Program
E2191
The CDFI Bond Guarantee Program is a federal initiative that provides long-term, low-cost capital to Community Development Financial Institutions to support large-scale investments in underserved and low-income communities.
Statements (30)
| Predicate | Object |
|---|---|
| instanceOf |
United States government program
ⓘ
federal credit program ⓘ |
| administeredBy |
Community Development Financial Institutions Fund
ⓘ
United States Department of the Treasury ⓘ
surface form:
U.S. Department of the Treasury
|
| authorizationYear | 2010 ⓘ |
| benefits |
improves access to capital in distressed markets
ⓘ
provides scale financing for CDFIs ⓘ |
| capitalCost | low-cost ⓘ |
| capitalType | long-term debt capital ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| eligibleBorrower | certified Community Development Financial Institution ⓘ |
| eligibleIssuer | qualified issuer ⓘ |
| financingType | bond guarantee ⓘ |
| focus | large-scale community and economic development projects ⓘ |
| fundingSource | U.S. Department of the Treasury borrowing authority ⓘ |
| legalAuthority | Small Business Jobs Act of 2010 ⓘ |
| maximumBondMaturity | 30 years ⓘ |
| policyGoal |
expand access to credit in low-income communities
ⓘ
promote community and economic development in underserved areas ⓘ |
| purpose |
provide long-term low-cost capital to Community Development Financial Institutions
ⓘ
support large-scale investments in low-income communities ⓘ support large-scale investments in underserved communities ⓘ |
| riskMitigation | federal government guarantee of bonds ⓘ |
| sector | community development finance ⓘ |
| supportsActivity |
affordable housing financing
ⓘ
community facilities financing ⓘ economic development projects ⓘ |
| targetBeneficiary |
Community Development Financial Institutions Fund
ⓘ
surface form:
Community Development Financial Institutions
low-income communities ⓘ underserved communities ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.