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Organizing Bank CDCs for Local Economic Development. A 'How to' Manual for Bankers, Local Public Officials and Economic Development Professionals.

机译:组织银行CDC促进地方经济发展。银行家,地方公职人员和经济发展专业人士的“如何”手册。

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摘要

Bank Community Development Corporations (CDCs) are organizations funded by banks and bank holding companies which are permitted by the bank regulators to make investments not otherwise permitted, such as equity investments, in local real estate and business projects, if there are public benefits such as economic development, jobs for low and moderate income people, affordable housing or capital for small businesses. The program proved to be very successful. Bank and economic development trade associations assisted in promoting the new program. The program showed that Bank CDCs can be effective private sector sources of funding different types of local economic development in both large and small communities nationwide.

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