The Community Development Capital Initiative (CDCI) was a 2010

United States Treasury The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and t ...

initiative that invested $570 million in small banks and credit unions as part of the

Troubled Asset Relief Program The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by Congress and signed into law by President ...

(TARP) bailout. Eligible institutions had to be designated

community development financial institution A community development financial institution (US) or community development finance institution (UK) - abbreviated in both cases to CDFI - is a financial institution that provides credit and financial services to underserved markets and populations, ...

s (CDFI's). CDFI's attempt to make 60 percent of their loans to underserved communities. In exchange, they are eligible for special federal capital assistance.

References

{{reflist United States Department of the Treasury 2010 establishments in the United States