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Community Development Capital Initiative

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Home » Initiatives » Financial Stability » TARP Programs » TARP Programs » Bank Investment Programs » Community Development Capital Initiative

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About TARP

Community Development Capital Initiative
Program Purpose and Overview

TARP Programs

Many communities that are underserved by traditional banks and
financial services providers found it harder to obtain credit as the
economy began its downturn. Community Development Financial
Institutions (CDFIs) exist to provide financing to these communities.
In particular, CDFIs focus on providing financial services to low‐ and
moderate‐income, minority, and other underserved communities.

Auto Industry
Bank Investment
Programs
Asset Guarantee
Program

Treasury created the Community Development Capital Initiative (CDCI)
on February 3, 2010 to help viable certified CDFIs and the communities
they serve cope with effects of the financial crisis.

Supervisory Capital
Assessment Program &
Capital Assistance
Program

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Capital Purchase
Program
Community
Development Capital
Initiative
Program Purpose and
Overview

Key Facts

Resources

Program Status
Targeted Investment
Program

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About OFS

Treasury created the Community Development Capital Initiative
(CDCI) to help viable certified Community Development
Financial Institutions (CDFIs) and the communities they serve.
Under this program, CDFI banks, thrifts, and credit unions
received investments of capital.

CDFIs that participated in the CPP and were in good
standing could exchange securities issued under CPP for
securities under the more favorable terms of this program.

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Program Documents

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Contracts & Agreements

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Program Results

•

Press Releases

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FAQs

Eighty four institutions received investments totaling
approximately $570 million.
Treasury completed funding under this program in September
2010.

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Last Updated: 11/15/2012 11:25 AM

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http://www.treasury.gov/initiatives/financial-stability/TARP-Programs/bank-investment-pr... 3/15/2013