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Date:
07/19/2021
Name:
Frank Woodruff
City:
Washington
State:
District of Columbia
Zip Code:
20036
Email Address:
fwoodruff@naceda.org
Telephone Number:
2025182660
Submitter Type:
Organization
Organization:
NACEDA
Organization Type:
Trade Association
Federal Agency:
State or Local Government Agency:
Submitter Item:
Evaluation Guidance

Submission

In the listening sessions, I heard presenters speak to the importance of CDFIs and nonprofit lenders to reaching rural and underserved communities. Commenters spoke to the importance of Duty to Serve to help build the capacity of these lenders, which is important. NACEDA would also like to see Duty to Serve help build the capacity needs of local nonprofit development entities (CDCs and similar). This has been a focus of the GSEs in previous decades but support from the GSEs for local nonprofit development capacity has atrophied substantially since the Great Recession. Duty to Serve is a good opportunity to renew that focus on equitable development (not only lending) in hard to reach areas.

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