Minority Depository Institutions Program
Resources for MDIs
Federal Government Resources and Programs
Other Federal Regulators
- National Credit Union Administration – Minority Depository Institution Preservation
- Office of the Comptroller of the Currency – Minority Depository Institutions
US Department of the Treasury Programs
- Community Development Financial Institution (CDFI) Fund – The following is a list of CDFI Fund initiatives currently available to CDFI and MDI banks and others that promote access to capital and local economic growth.
- Bank Enterprise Award Program – provides an incentive for all banks to invest in their communities and in CDFIs
- CDFI Bond Guarantee Program – issues bonds to support CDFIs that make investments for eligible community or economic development purposes
- Community Development Financial Institutions Program – directly invests in, supports and trains CDFIs that provide loans, investments, financial services and technical assistance to benefit underserved populations and communities
- Native Initiatives Program – takes action to provide financial assistance, technical assistance, and training to Native CDFIs and other Native entities proposing to become or create Native CDFIs
- New Markets Tax Credit Program – provides an allocation of tax credits to Community Development Entities which enable them to attract investment from the private sector, and reinvest these amounts in low-income communities’ businesses and real estate projects
- Capital Magnet Fund – offers competitively awarded grants to finance affordable housing solutions
- Capacity Building Initiative – offers a variety of training and direct technical assistance opportunities to strengthen CDFIs
- Minority Bank Deposit Program – This voluntary program encourages federal agencies, State and local governments and the private sector to use Minority Bank Deposit Program participants as depositaries and financial agents.
- States Small Business Credit Initiative (SSBCI) – created by the Small Business Jobs Act and was funded with $1.5 billion in order to strengthen state programs that support lending to small businesses and small manufacturers.
- Overview of SSBCI for Lenders – details benefits for lenders, indicates that funded state programs are also intended to help lenders expand their small business lending base, make their own credit decisions, and support local economic development
Other Government Programs
- Export-Import Bank of the United States – the official export credit agency of the United States, whose mission is to assist in financing the export of U.S. goods and services to international markets
- Working Capital Guarantee Program – encourages commercial lenders to make working capital loans by providing them with a 90 percent loan guarantee, which decreases their risk
- Federal Housing Administration (FHA) – continues to service its historic target population, insuring 1.2 million single family mortgages worth $213 billion in 2012.
- Small Business Association – to help fill gaps for smaller dollar loans and loans to underserved communities, the SBA has streamlined its programs and opened them up to more lenders.
- CAP Lines – designed to help small businesses meet their short‐term and cyclical working capital needs