Community development banks (CDBs) are a special kind of bank designed to spur serve the residents of and spur economic development in low to moderate income (LMI) areas. When CDBs provide retail banking services, they usually target customers from "financially underserved" demographics. Community development banks can apply for formal certification as a Community Development Financial Institution (CDFI) from the Community Development Financial Institutions Fund of the U.S. Department of the Treasury. The essential function of a bank is to provide services related to the storing of deposits and the extending of credit. ... The United States Department of the Treasury is a Cabinet department, a treasury, of the United States government established by an Act of U.S. Congress in 1789 to manage the revenue of the United States government. ...
Organizers wishing to start a de novo CDB in the United States can seek either a State or National bank charter. Like any national bank, all Federally-chartered CDBs are regulated primarily by the Office_of_the_Comptroller_of_the_Currency. According to the OCC Charter Licensing Manual, CDBs are required "to lend, invest, and provide services primarily to LMI individuals or communities in which it is chartered to conduct business." State-chartered Community Development Banks are subject to regulations, qualifications, and definitions that vary from state to state. The United States Office of the Comptroller of the Treasury was established in 1863 and serves to charter, regulate and supervise all National banks and the federal branches and agencies of foreign banks. ...
The largest and oldest community development bank holding company is ShoreBank, headquartered in the South Shore neighborhood of Chicago. Through its holding company structure, ShoreBank Corporation promotes its community development mission by operating CDBs and other affiliates in certain U.S. cities. Chicago (officially named the City of Chicago) is the third largest city in the United States (after New York City and Los Angeles), with an official population of 2,896,016, as of the 2000 census. ...
Rural or urban Baha’i communities in South Africa, as elsewhere in Africa and the world, have been participating in local elections, for the membership of these Assemblies, that are devoid of all campaigning and electioneering for decades prior to the end of Apartheid.
Additionally since all development must have local grass root support in all phases including the initial determination of need and the planning phase, the first priority is development of capacity at the local level.
The old method of development planning prescribed that we should adopt a policy based on interests of the dominant sector and then to develop measurement indicators to assess the progress of the development effort.
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Coldwater DDA: Downtown Development Authority for the city of Coldwater.
Hillsdale County Chamber of Commerce: Helping to create a favorable environment and personal opportunity by fostering a positive attitude for growth and development and enhancing the quality of life in our communities.
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