|CDFI Fund Creates New Capacity Building Initiative Training for CDFI Minority Depository Institutions||https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=150||CDFI Fund Creates New Capacity Building Initiative Training for CDFI Minority Depository Institutions||<p class="body">
<b>Washington, DC</b> – 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 <i>Preserving and Expanding CDFI
Minority Depository Institutions</i> 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 <i>Preserving and Expanding CDFI Minority Depository Institutions</i> 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 <i>Preserving and Expanding
CDFI Minority Depository Institutions</i> series will provide webinars, as well
as an in-depth Virtual Resource Bank on the CDFI Fund’s website for the general
To learn more about the Capacity Building Initiative please visit <a href="/programs-training/training-ta/Pages/default.aspx">www.cdfifund.gov/cbi</a>.
<b>About the CDFI Fund</b>
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.
<b>About Deloitte Financial Advisory Services LLP</b>
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.