MICROCAPITAL EVENT: 2009 Coalition of Community Development Financial Institutions (CDFI) Policy Conference to be held in Washington D.C. from March 1-3

2009 Community Development Financial Institutions (CDFI) Policy Conference

March 1-3, 2009

The 2009 CDFI Institute Policy Conference will be held in Washington D.C., USA from March 1-3, 2009. The three day conference, which will feature dialogue with community development finance experts about issues facing the field of development finance, will be held at The Liaison Capitol Hill, an Affinia hotel. Participants at the event include policy makers, CDFI members, socially responsible investors, pension funds and banks. The event website can be found here.

MicroCapital typically reports only on poor world microfinance and not rich world financial services aimed at low income populations (which is increasingly termed “microfinance” due to the growing popularity of the term).  Nonetheless, this event may well prove useful to those working in poor world microfinance.

The CDFI Coalition was formed in 1992 as an ad-hoc policy development and advocacy initiative. Through member organizations, the Coalition represents CDFIs working in all 50 states and the District of Columbia.

The event begins with an hour long welcome reception by the CDFI Board members on March 1. This will be followed by a series of panel discussions and presentations on the second and third day of the event. Subjects for the panel discussion include:

Policy responses to enhance liquidity of development financial institutes during the financial crisis

Socially responsible investing and its impact of development financial institutes

Expansion of the CDFI Fund. The CDFI Fund is administered by the Department of Treasury and makes capital grants, equity investments and awards for technical

assistance to community development financial institutions.

The role community development financial institutions can play with regard to the President Obama’s plan to create five million new jobs, increase use of renewable gas, etc.

The workings of Committee and Appropriation process

Key speakers at the event include Donna Gambrell (Director of the CDFI Fund), Barney Frank (Congressman and Chairman of the Financial Services Committee), Senator Richard Durbin (Chairman of the Appropriations Subcommittee on Financial Services) and Senator Jack Reed (Member Banking, Housing, and Urban Affairs Committee).

The detailed agenda can be found here.

The registration fee for the event is USD 595. To register online, please visit this link.

To register by mail, this application form should be filled and mailed to:

CDFI Institute,

3240 Wilson Blvd,

Suite 220, Arlington,

VA 22201

Key sponsors of the event include NeighborWorksAmerica and Bank of America. To become an event sponsor, please refer to this page for sponsorship details. The sponsorship form can be downloaded from here.

NeighborWorks America will also be sponsoring two scholarships to the 2009 CDFI Institute. The scholarships are designed to increase the voice of small and minority CDFIs (i.e. African-American, Latino, Native American, Asian-American, Faith Based, Environmental, etc.) at the 2009 Institute.  The scholarships will include travel, hotel accommodations, and CDFI Institute registration. Interested applicants need to fill out this form and write a brief letter explaining how attending the 2009 CDFI Institute would benefit their minority CDFI. For more information on the scholarship, please lookup this link.

By Bharathi Ram, Research Assistant

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