Data from the Pew Research Center shows that despite a strong labor market (3.9% unemployment as of July, the lowest it has been in nearly two decades), wage growth has lagged such that today's real average wage "has about the same purchasing power it did 40 years ago."
OFN just released the 19th edition of its Side by Side publication, an annual reference guide for CDFI industry practitioners, investors, and others interested in assessing the opportunity finance industry’s activity and performance.
Washington, D.C. (October 3, 2017)—The Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has established a plan for releasing updated program eligibility information based upon Census Bureau data from the 2011-2015 American Community Survey (ACS).
Urban Institute has released data collected across the country and developed a a new fact sheet on the growing footprint of CDFIs and the role they play in serving communities in need. Key findings include: