Rob Cerne, Owner Seascape Technologies. Intevation Food Group, Plover, Wisconsin. Community Development Financial Institutions (CDFI’s) Community Development Entities (CDE’s). Financing Resources.
US Treasury-certified specialized financial institution that works in market niches, often economically distressed areas
Wisconsin CDFI’s had more than $400 million in loans outstanding at the end of 2009. Examples include:Results.
Northwest Side Community Development Corporation has lent more than $3.2 million, creating more than 500 jobs (Milwaukee)
created 2.7 jobs and
retained 5.8 moreResults…
Forward Community Investments (statewide loan fund for non-profits) loans resulted in the development of 1,200 units of affordable housing and creation/retention of 3,000 jobs
The US Treasury – CDFI Fund 2011 Application Round – New Market Tax Credit Program
The Wisconsin Legislature is moving forward on legislation (AB 211) that would create tax credits for investments in CDFi’s in Wisconsin.