The U.S. Department of the Treasury has announced the completion of funding under its Community Development Capital Initiative (CDCI). Overall, that program has invested $570 million in 84 Community Development Financial Institutions (CDFIs) in 26 states, the District of Columbia, and Guam. The program invests lower-cost capital in Community Development Financial Institutions (CDFIs) that target at least 60 percent of their lending and other economic development activities in areas underserved by traditional financial institutions. Read More…