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Michigan’s Tri-Share Program: One Promising Childcare Solution for Working Parents
For working parents of young children, finding accessible and affordable childcare is essential for having employment, which, in turn provides economic stability and opportunities for their families. Childcare is also vital for employers: As part of the Chicago Fed’s regular outreach throughout the Seventh Federal Reserve District, we heard from employers who have had difficulties in hiring and retaining workers because of the challenges parents have had in finding and affording childcare. Recognizing this need for childcare among both parents and employers in Michigan, the state ...
CDFIs: Crucial Partners in the Public Finance Ecosystem
Community development financial institutions (CDFIs) are vital partners with state and local governments in projects aimed at assisting communities of people with low and moderate incomes (LMI communities) across the United States. Serving as intermediaries between public, philanthropic, and private sources of capital, CDFIs help deploy resources to improve economic opportunity in these communities. Government entities at all levels (federal, state, and local) work with nongovernmental actors, and CDFIs have been such partners, particularly for investments related to infrastructure as well as ...
Pathways to Developing Affordable Housing in Detroit: Perspectives from the Community Development Investment Roundtable
Last summer, the Federal Reserve Bank of Chicago hosted the Community Development Investment Roundtable in Detroit, Michigan. Almost 50 community investment leaders from government (at the city, county, and state levels), philanthropy, banking, and business, as well as community development financial intermediaries, gathered at this event to share insights and develop strategies to deliver greater investment in Detroit’s economically marginalized communities. Informed by presentations on the housing market and community development conditions in Detroit, participants worked together to come ...