Abstract
This chapter focuses on two types of community development financial institutions (CDFIs): community development loan funds (CDLF) and community development venture capital (CDVC) funds, which provide debt and equity capital for transactions that conventional capital sources consider too risky. CDLFs and CDVCs primarily fund organizations, including businesses, housing and real estate developers, and nonprofit community groups, with the objective of furthering economic development of distressed communities by creating high-quality jobs and infrastructure.
| Original language | English (US) |
|---|---|
| Title of host publication | Reengineering Community Development for the 21st Century |
| Publisher | Taylor and Francis |
| Pages | 34-46 |
| Number of pages | 13 |
| ISBN (Electronic) | 9781317461272 |
| ISBN (Print) | 9780765622907 |
| DOIs | |
| State | Published - Jan 1 2015 |
All Science Journal Classification (ASJC) codes
- Economics, Econometrics and Finance(all)
- General Business, Management and Accounting
- General Social Sciences