Meet the People Behind Community Development Banking’s Investments

First, the good news: The United States hasn’t plunged into a recession. Despite more than a year of high interest rates, the economy has shown resilience beyond most economists’ predictions. But the Federal Reserve (Fed) still hasn’t beaten down inflation completely, and the economy’s strength could be more long-term than a phase of the economic […]

When will the crisis in U.S. housing affordability end – and how?

First, the good news: The United States hasn’t plunged into a recession. Despite more than a year of high interest rates, the economy has shown resilience beyond most economists’ predictions. But the Federal Reserve (Fed) still hasn’t beaten down inflation completely, and the economy’s strength could be more long-term than a phase of the economic […]

Sole purpose: An old shoe factory is helping grow a neighborhood

As the development project manager at The Alexander Company, which specializes in historic preservation and adaptive reuse, Jonathan Beck uses the Historic Tax Credit (HTC) program to preserve and transform buildings across the country. The Fortress in Milwaukee, Wisconsin is a prime example. Located in the city’s Brewers Hill neighborhood, the neoclassical structure houses one- and two-bedroom […]

Taking a responsible approach to permanent supportive housing

As the development project manager at The Alexander Company, which specializes in historic preservation and adaptive reuse, Jonathan Beck uses the Historic Tax Credit (HTC) program to preserve and transform buildings across the country. The Fortress in Milwaukee, Wisconsin is a prime example. Located in the city’s Brewers Hill neighborhood, the neoclassical structure houses one- and two-bedroom […]

Tackling New York City’s housing crisis one unit at a time

The city that never sleeps is facing a formidable housing crisis as residents find it increasingly challenging to find a place to call home. As thousands of homeless people rely on the city’s main municipal shelter system for housing, space regularly runs out and creates a critical need for more affordable and supportive housing. While […]

How a government shutdown could impact multifamily

On the heels of a debt ceiling debate, Congress recently averted a government shutdown by passing a last-minute stopgap spending bill. But that’s only a short-term solution; a 2023 government shutdown is still a real possibility when the current continuing resolution expires. What happens if the government shuts down A government shutdown occurs when Congress fails to pass […]

Understanding CDFIs and their impact

Community Development Financial Institutions (CDFIs) have grown significantly in recent years. From 2018 to 2023, CDFI assets tripled to more than $450 billion, and the number of CDFI-certified entities rose by 40% according to a New York Federal Reserve Bank report.  Given this growth and CDFIs’ critical role in commercial real estate and community development, it’s important to know […]

Green financing with Fannie Mae and Freddie Mac

Community Development Financial Institutions (CDFIs) have grown significantly in recent years. From 2018 to 2023, CDFI assets tripled to more than $450 billion, and the number of CDFI-certified entities rose by 40% according to a New York Federal Reserve Bank report.  Given this growth and CDFIs’ critical role in commercial real estate and community development, it’s important to know […]