August 15, 2022

By Brendan Pedersen, American Banker

Download PDF

WASHINGTON — The federal government’s response to the COVID-19 pandemic catapulted a niche sector of specialized community development lenders to a new level of prominence in American finance.

Now, as the industry matures into a burgeoning political force in the nation’s capital, some of the sector’s leaders are eying ambitious policy changes in coming years that could transform the sector’s long-term trajectory, including a push for a historic increase in government funding, new tax incentive programs and even a national charter for nonbank community lenders.