Notice is a historical project of the Committee for a Responsible Federal Budget, which tracked the money spent by the 2009 stimulus bill. This site is not regularly updated.

Community Development Capital Initiative

February 3, 2010
Amount Spent: 
$0.57 billion
Deficit Impact: 
$0.15 billion

The Community Development Capital Initiative (CDCI) was created on February 3rd, 2010, with the program beginning to disburse funds on July 30. The program essentially serves as a more "generous" alternative to the Capital Purchase Program (CPP) for Community Development Financial Institutions (CDFIs, or institutions that work in traditionally underserved markets).

Under the Initiative, CDFIs can get an investment of capital by the Treasury Department--similar to CPP--but they pay a lower rate on the dividends: the rates are two percent for the first eight years and then nine percent if Treasury's shares are not repaid within eight years (under CPP, the initial dividend rate is five percent and the period is only five years before the rate rises to nine percent). Also, CDFIs can receive investments up to a maximum of five percent of their risk-weighted assets, as opposed to three percent under CPP. CDFIs that are currently participating in CPP can switch to the CDCI if they so choose.


Maximum amount unknown. Amount spent represents total Treasury investments as of 8/22/2012. Deficit impact is based on CBO's subsidy rate (27%) for the program as stated in their November 2010 Report on TARP.

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