CDFI Fund Creates New Capacity Building Initiative Training for CDFI Minority Depository Institutions
Washington, DC – June 11, 2013 – (RealEstateRama) — The Community Development Financial Institutions Fund (CDFI Fund) is proud to announce a Capacity Building Initiative training series designed to support Community Development Financial Institutions (CDFIs) that are also Minority Depository Institutions (MDIs), and MDIs working toward becoming certified as CDFIs. Deloitte Financial Advisory Services will provide the Preserving and Expanding CDFI Minority Depository Institutions training series with the support of relevant industry subject matter experts.
The series will address the unique challenges facing CDFI MDIs, and will build their capacity to provide community development and financial services to their target markets. As part of the series, an in-depth assessment of the needs of CDFI MDIs will form the basis of unique and customized trainings and workshops.
“Minority Depository Institutions serve a vital function by providing needed financial services such as checking or savings accounts and in building access to credit and capital for minority and low-income communities across the country,” said CDFI Fund Director Donna J. Gambrell. “I am proud that the Capacity Building Initiative is continuing to anticipate and respond to the needs of the CDFI industry, and this training series will provide a unique opportunity for CDFI MDIs to discuss with their peers how to develop and grow their organizations.”
The Preserving and Expanding CDFI Minority Depository Institutions series will provide training and technical assistance on a variety of topics, including building leadership capacity, expanding capitalization, managing organizational transformation, enhancing operational performance, and the compliance and regulatory impacts on community banking models.
All training opportunities will be posted on the CDFI Fund’s website in the coming months. As with other Capacity Building Initiative series, the Preserving and Expanding CDFI Minority Depository Institutions series will provide webinars, as well as an in-depth Virtual Resource Bank on the CDFI Fund’s website for the general public.
To learn more about the Capacity Building Initiative please visit www.cdfifund.gov/cbi.
About the CDFI Fund
The CDFI Fund invests in and builds the capacity of community-based, private, for-profit and non-profit financial institutions with a primary mission of community development in economically distressed communities. These institutions – certified by the CDFI Fund as Community Development Financial Institutions or CDFIs – are able to respond to gaps in local markets that traditional financial institutions are not adequately serving. CDFIs provide critically needed capital, credit and other financial products in addition to technical assistance to community residents and businesses, service providers, and developers working to meet community needs. The CDFI Fund’s vision is an America in which all people have adequate access to affordable capital, credit and financial services.
About Deloitte Financial Advisory Services LLP
Deloitte is a global professional services organization devoted to providing excellence in professional services. Deloitte’s Financial Services Industry practice is a far-reaching network of practitioners who offer their experience to the world’s leading federal and commercial financial services enterprises in the areas of strategy & operations, technology, human capital, audit and assurance advisory, and financial advisory services. Deloitte Financial Advisory Services LLP (“Deloitte FAS”) advises clients on managing business transactions, controversy and conflict, executing deals, and maintaining regulatory compliance. They provide services to federal agencies and corporations throughout their lifecycle – from issuance of securities or purchasing a company to post-close monitoring, reporting, and recovery actions, as well as objective advice and experienced resources to assist a wide range of public, private and institutional borrowers across the full spectrum of capital markets. Deloitte FAS’ experience ranges from the provision of strategic advice on optimizing capital structure, fortifying balance sheet and liquidity options, analysis of capital market alternatives and available sources of finance, to assisting with the execution of multi-faceted balance sheet restructurings and financing plans.
