Community Development Banking List
01-12-2009, 12:08 PM
Original message from: info@cdfi.org
The House Financial Services Committee is holding a hearing on January 13th
at 2 PM to discuss the use of Troubled Assets Relief Program (TARP) Funds
under the Emergency Economic Stabilization Act of 2008 (EESA). This hearing
will help decide how the second half of the $700 billion authorized in
October will be used. Although the CDFI
<http://cdfi.org/uploads/news/id144/CDFI%20TARP%20Proposal%2011-12-08%20FINA ('http://cdfi.org/uploads/news/id144/CDFI%20TARP%20Proposal%2011-12-08%20FINA')
L.pdf> Coalition's recommendation to include $1 billion for CDFIs is not in
the legislation, we have received support from Chairman Frank and others on
the committee through a
<http://cdfi.org/uploads/other/Chairman%20Frank%20Letter%20Dec%2012%202008%2 ('http://cdfi.org/uploads/other/Chairman%20Frank%20Letter%20Dec%2012%202008%2')
0(3).pdf> letter they sent to Treasury on December 12th.
Please
<http://org2.democracyinaction.org/o/5172/t/2646/campaign.jsp?campaign_KEY=8 ('http://org2.democracyinaction.org/o/5172/t/2646/campaign.jsp?campaign_KEY=8')
92> join us in asking Congress to support CDFIs through the TARP by sending
a letter to your Representative. We have provided a suggested letter below
that asks Congress to encourage the House Financial Services Committee to
include a Capital for Communities Recovery Program in the legislation that
(1) sets aside $1 billion of the $700 billion for CDFIs to support lending
to and investing in low and moderate income communities and people; and (2)
establishes an affirmative obligation on institutions that receive funding
under the Capital Purchase Program to support CDFIs.
Please take a few minutes to personalize your message by adding information
about the challenges facing your organization and how this program will help
your community. With your help, we may be able to provide valuable
resources to those who have suffered most from the current crisis.
It only takes a minute to fill out your address and push send. You
<http://org2.democracyinaction.org/o/5172/t/2646/campaign.jsp?campaign_KEY=8 ('http://org2.democracyinaction.org/o/5172/t/2646/campaign.jsp?campaign_KEY=8')
92> can take action by clicking here.
CDFI Coalition
3240 Wilson Boulevard, Suite 220
Arlington, VA 22201
703.294.6970 phone
703.294.6460 fax
<http://www.cdfi.org> ('http://www.cdfi.org>') www.cdfi.org
Join us March 1-3, 2009 in Washington, DC for the 2009 CDFI
<http://cdfi.org/index.php?page=institute-a> ('http://cdfi.org/index.php?page=institute-a>') Institute!
The CDFI Coalition is the unified national voice of community development
financial institutions. Our mission is to encourage fair access to financial
resources for America's underserved people and communities.
Sign up to join the CDFI Coalition's ACTION NETWORK at www.cdfi.org
<http://www.cdfi.org/> ('http://www.cdfi.org/>') . Receive important legislative updates, information
about funding opportunities, and news about the industry directly in your
inbox.
The House Financial Services Committee is holding a hearing on January 13th
at 2 PM to discuss the use of Troubled Assets Relief Program (TARP) Funds
under the Emergency Economic Stabilization Act of 2008 (EESA). This hearing
will help decide how the second half of the $700 billion authorized in
October will be used. Although the CDFI
<http://cdfi.org/uploads/news/id144/CDFI%20TARP%20Proposal%2011-12-08%20FINA ('http://cdfi.org/uploads/news/id144/CDFI%20TARP%20Proposal%2011-12-08%20FINA')
L.pdf> Coalition's recommendation to include $1 billion for CDFIs is not in
the legislation, we have received support from Chairman Frank and others on
the committee through a
<http://cdfi.org/uploads/other/Chairman%20Frank%20Letter%20Dec%2012%202008%2 ('http://cdfi.org/uploads/other/Chairman%20Frank%20Letter%20Dec%2012%202008%2')
0(3).pdf> letter they sent to Treasury on December 12th.
Please
<http://org2.democracyinaction.org/o/5172/t/2646/campaign.jsp?campaign_KEY=8 ('http://org2.democracyinaction.org/o/5172/t/2646/campaign.jsp?campaign_KEY=8')
92> join us in asking Congress to support CDFIs through the TARP by sending
a letter to your Representative. We have provided a suggested letter below
that asks Congress to encourage the House Financial Services Committee to
include a Capital for Communities Recovery Program in the legislation that
(1) sets aside $1 billion of the $700 billion for CDFIs to support lending
to and investing in low and moderate income communities and people; and (2)
establishes an affirmative obligation on institutions that receive funding
under the Capital Purchase Program to support CDFIs.
Please take a few minutes to personalize your message by adding information
about the challenges facing your organization and how this program will help
your community. With your help, we may be able to provide valuable
resources to those who have suffered most from the current crisis.
It only takes a minute to fill out your address and push send. You
<http://org2.democracyinaction.org/o/5172/t/2646/campaign.jsp?campaign_KEY=8 ('http://org2.democracyinaction.org/o/5172/t/2646/campaign.jsp?campaign_KEY=8')
92> can take action by clicking here.
CDFI Coalition
3240 Wilson Boulevard, Suite 220
Arlington, VA 22201
703.294.6970 phone
703.294.6460 fax
<http://www.cdfi.org> ('http://www.cdfi.org>') www.cdfi.org
Join us March 1-3, 2009 in Washington, DC for the 2009 CDFI
<http://cdfi.org/index.php?page=institute-a> ('http://cdfi.org/index.php?page=institute-a>') Institute!
The CDFI Coalition is the unified national voice of community development
financial institutions. Our mission is to encourage fair access to financial
resources for America's underserved people and communities.
Sign up to join the CDFI Coalition's ACTION NETWORK at www.cdfi.org
<http://www.cdfi.org/> ('http://www.cdfi.org/>') . Receive important legislative updates, information
about funding opportunities, and news about the industry directly in your
inbox.