And it has to be to individuals whose family incomes are for 80% of the average medium income. So looking at that, I wonder, and you tell me so. Yes, CDFIs in this mechanism only receive 1/10 of 1% of the federal Home Loan bank advances. Yeah. And this is where Congress has done a very elegant job of trying to recreate the original system and saying for CFIs and CDFIs, we're going to accept broader collateral that really serves the community hard time accessing Federal Home Loan bank loans. (02:36–02:44)
CLAIM
Asserts that Community Development Financial Institutions receive a very small fraction of federal home loan advances.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
