Momentum Texas: The Texas Community Development Finance Summit
April 13, 2004

Sponsored by
Federal Reserve Bank of Dallas and the Texas Mezzanine Fund, Inc.
In Cooperation with
Fannie Mae
Federal Deposit Insurance Corporation
Federal Home Loan Bank
Office of Comptroller of the Currency
Office of Thrift Supervision

Who Should Attend

• Bank presidents and CEOs
• Community reinvestment officers
• Affordable housing lenders
• Small business lenders
• Others interested in enhancing economic and community development lending in Texas

The Challenge

An analysis prepared by the Treasury Department’s Community Development Financial Institutions Fund in 2002 indicated that 45 states ranked ahead of Texas in financing their economic and community development needs. This assessment and the dynamics of Texas’ population growth require creative economic and community development financing initiatives.

Economic progress throughout the state will be hindered without adequate resources and programs for:

• Investment in low- to moderate-income communities;
• Creation of jobs and wealth building for low- to moderate-income people;
• Production of quality, affordable housing; and
• Growth of women- and minority-owned businesses.

The Purpose

This summit will provide examples of successful lending programs for affordable housing, small business and economic development. Two multibank-funded programs from another state (California) will help illustrate how community development finance in Texas can take a significant leap forward.

• Clearinghouse CDFI has leveraged funds from 40 financial institutions and two corporations to provide more than $13 million a year in alternative financing for housing, business development and community facilities.
   
• CEDLI, funded by 45 financial institutions, provides more than $15 million per year in alternative financing to assist small business growth and promote economic development.

The afternoon session will feature an analysis of some of the challenges facing community development financing in Texas. Responses to those challenges will be provided by representatives from:

• the banking community,
• the state of Texas, and
• the Texas Mezzanine Fund.

The Texas Mezzanine Fund is a statewide community development financial institution that provides financing for businesses located in distressed areas, women- or minority-owned businesses, and small businesses that create jobs for low- and moderate-income people. TMF also provides financing to for-profit and nonprofit developers of single- and multifamily affordable housing for families, senior citizens and households with special needs. The fund was capitalized by a consortium of financial institutions in Texas.

Event Details

When

• Tuesday, April 13, 2004
  Registration: 9:30 a.m.
  Program: 10 a.m. – 3 p.m.

Location

• Federal Reserve Bank of Dallas
  2200 N. Pearl St. at Woodall Rodgers
  Dallas, Texas 75201
• Complimentary parking is available at the corner of Pearl and Thomas streets.
• Driving directions and map

Fee

• $25 ($40 after April 1)

For more information

• Contact TMF at 214-943-5900

Program Agenda