What a CDFI Fund Financial Assistance Award Actually Changes
Why a CDFI Fund FA award is matching capital rather than free money, how the match drives sequencing, and what it does to lending capacity.
Read more →Community Development Finance
Community development finance: how capital reaches mission-driven borrowers
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Loan Participations: How Community Lenders Move Risk Off the Balance Sheet
Participations vs syndications vs whole-loan sales, why servicing terms decide the relationship, and what a participant should read before buying.
Read more →Program-Related Investments: The Tax Mechanics Foundations Get Wrong
How a PRI differs from a grant and from a market-rate investment, the three-part test that defines one, and why primary purpose decides most cases.
Read more →Operating Reserves: How Much Is Enough, and Who Decides
Where the three-to-six-month reserve convention came from, why it fits few nonprofits, and how to size a reserve against your own volatility.
Read more →Reading a New Markets Tax Credit Leverage Structure, Line by Line
How the leverage loan, the investment fund, the CDE, and the QALICB fit together in an NMTC transaction — and where the fee load actually sits.
Read more →CDFI Certification: What the Treasury Actually Requires
The seven tests a CDFI must meet for Treasury certification, why the target market test causes the most trouble, and what the 2023 revision changed.
Read more →Capital Markets
Loan Participations: How Community Lenders Move Risk Off the Balance Sheet
Participations vs syndications vs whole-loan sales, why servicing terms decide the relationship, and what a participant should read before buying.
Read more →Reading a New Markets Tax Credit Leverage Structure, Line by Line
How the leverage loan, the investment fund, the CDE, and the QALICB fit together in an NMTC transaction — and where the fee load actually sits.
Read more →CDFI
What a CDFI Fund Financial Assistance Award Actually Changes
Why a CDFI Fund FA award is matching capital rather than free money, how the match drives sequencing, and what it does to lending capacity.
Read more →CDFI Certification: What the Treasury Actually Requires
The seven tests a CDFI must meet for Treasury certification, why the target market test causes the most trouble, and what the 2023 revision changed.
Read more →Nonprofit Finance
Operating Reserves: How Much Is Enough, and Who Decides
Where the three-to-six-month reserve convention came from, why it fits few nonprofits, and how to size a reserve against your own volatility.
Read more →Impact Investing
Program-Related Investments: The Tax Mechanics Foundations Get Wrong
How a PRI differs from a grant and from a market-rate investment, the three-part test that defines one, and why primary purpose decides most cases.
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