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Federal Reserve Bank of New York
05/02/2024 | Press release | Distributed by Public on 05/02/2024 13:23
New York Fed to Release Report on the Origination and Sale of Loans by Community Development Financial Institutions
Media Advisory
New York Fed to Release Report on the Origination and Sale of Loans by Community Development Financial Institutions
May 02, 2024
NEW YORK-The Federal Reserve Bank of New York will release "Examining the Origination and Sale of Loans by Community Development Financial Institutions" on May 8, 2024, at 10 AM.
The report by the New York Fed's Community Development team examines loan origination by Community Development Financial Institutions (CDFIs) during the period between 2018 and 2022. It quantifies the amount of CDFI loans sold during the same period, as well as the role played by the ten most active CDFIs in both loan originations and sales.
The report is the second in an ongoing series the team has released about the CDFI industry. An August 2023 report, "Sizing the CDFI Market: Understanding Industry Growth," found that the number of CDFIs grew 40% over the five years ending in 2023. The Community Development team also wrote about creating a more robust secondary market for loans originated by CDFIs in The New York Fed publication The Teller Window in January 2024.
The report was developed as part of the New York Fed's Community Development efforts, which have three areas of focus: health, household financial well-being, and climate risk.