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Encourage kids to make thoughtful decisions about money with this free resource
from the Federal Reserve Bank of Cleveland's Learning Center:
http://www.clevelandfed.org/LearningCenter/great_minds_think.cfm
***
Federal Reserve Board issues "Five Tips for Improving Your Credit Score" (August 2007)
CDFI Fund In-Person Workshop to be Held in Pittsburgh September 18, 2007
The CDFI Fund is hosting seminars around the country to expand the Fund's reach and to give nonprofits and other organizations an opportunity to convene and ask questions about the Fund's different programs. One of only a few Midwest-based programs will be held in Pittsburgh, PA, on September 18, 2007, from 9:00 am to 12:00 noon at the Holiday Inn Select-- University Center. If you wish to attend this or another of the Application Workshops, you must register online through the CDFI Fund’s registration system.
The attached PDF also contains information about and locations of all the workshops
The Cuyahoga County Department of Development, National City Community Development
Corporation and Cuyahoga County Community College invite you to
attend the Ohio Historic Tax Credit Training Seminar on May 8,
2007, at Tri-C Corporate College East. This free event is open
to all interested people in Northeast Ohio. To register, please
email ccHistoricCredit@cuyahogacounty.us. This event has been approved
for 1.75 hours of legal and accounting continuing education credits.
A $10.00 fee applies to CLE participants.
Check out Waves of Change: Development Finance Solutions That Work,
the Council of Development Finance Agencies' (CDFA) annual development
finance conference being held May 22-24, 2007, in Miami, Florida.
Details
First Ring Developing Opportunities: Presentations by Economic Development Directors of Northeast Ohio's First-Ring Communities
An event to be held March 22, 2007 | Warrensville Hts., OH | Details
RATING SYSTEM MEASURES IMPACT OF CDFIs
The ability to measure impact is essential for continued growth in the field of community development financing. Opportunity Finance Network developed a tool called CARS (CDFI Assessment and Rating System), an analysis of community development financial institutions that can aid investors and donors in making investment decisions. The CARS system gathers data to evaluate a CDFI's overall creditworthiness and effectiveness in using its financial resources to achieve its development objectives.
Information on CARS:
Excerpt from speech:
"A CDFI is rated for its financial strength and performance in the areas of capital, assets, management, earnings, and liquidity, in a manner broadly analogous to the way a supervisory agency would rate a commercial bank. The financial analysis is supplemented by an evaluation of how well the CDFI is fulfilling its mission, including an assessment of its procedures for tracking the outcomes of its work .... Although still in its early stages, this initiative, if successful, will have the double benefit of attracting more funds into community development and helping to ensure that those funds are effectively used.
FEDERAL RESERVE BANK OF BOSTON
CONFERENCE ON SRI AND COMMUNITY INVESTING
On November 3rd and 4th, 2005, The Federal Reserve Bank of Boston hosted the second in the series of six conferences on scale and sustainability in the community development finance industry, based on research by The Aspen Institute presented in New Pathways to Scale for Community Development Finance. This paper was published by the Chicago Federal Reserve Bank in the December 2004 edition of Profitwise News and Views. The Boston meeting focused on socially responsible investors and community investing and featured, among other sessions, a hands-on exchange between socially responsible investors looking for investment opportunities and CDFIs seeking capital. Among the speakers who participated in this conference were: Amy Domini, Founder & CEO, Domini Social Investments; Linnie McLean, VP, Trillium Asset Management Corp.; Elizabeth Glenshaw, Director, CI Industry and Markets, Calvert Social Investment Fund; Elyse Cherry, CEO, Boston Community Capital; Greg Ratliff, Senior Fellow, The Aspen Institute; Kirsten Moy, Director, Economic Opportunities Program, The Aspen Institute; Juliana Eades, President, New Hampshire Community Loan Fund; Timothy Smith, Director of Socially Responsible Investing, Walden Asset Management; Ron Phillips, President, Coastal Enterprises, Inc.; Frank Altman, President & CEO, Community Reinvestment Fund; Langdon Morris, Principal, Innovation Labs, Thomas Bledsoe, President, The Housing Partnership Network, and Ronald Homer, CEO, Access Capital Strategies, David Kirkpatrick, SJF Ventures. The brochure for the conference: Achieving Sustainability, Scale, and Impact in Community Development Finance: SRI and Community Investing is attached. The website for the conference is www.bos.frb.org/commdev.
The Board
of Governors of the Federal Reserve System has issued
the following press release(s):
Attached is the press
release by the Board, along with HUD, OCC, OTS, FDIC
and NCUA, regarding the release of 2004 HMDA information
Why
HMDA Matters: The Third WaveSummary
of the changes on the St. Louis Fed's HMDA changes pageHMDA-Regulation C Information:
An Informed Discussion: Achieving Sustainability, Scale, and
Impact in Community Development Finance
Ohio Foreclosure
Prevention Stakeholders' Meeting
February 3, 2005,
Columbus, OH
The Federal Reserve Bank of Cleveland and the Neighborhood Reinvestment Corporation brought together key industry stakeholders in Columbus to discuss causes and potential cures for rising foreclosures in Ohio.
Agenda
Presentations:
Proceedings
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