S2 Episode 9: A Brief History of CDFIs with Michael Swack

You’ve probably heard it before, but the very first Resident Owned Community came about as the result of a graduate student project. Today, we’re joined by the professor of that class, Michael Swack! Michael is a professor at the University of New Hampshire and directs the Center for Impact Finance and the master’s program in community development, which he designed for adult practitioners. Michael has also been involved in the design, implementation, and management of a number of Community Development Financial Institutions (CDFIs), including the New Hampshire Community Loan Fund! He’s a proud member of the ROC USA Board of Directors, and he joins us on Ownership Matters to talk about the history and importance of CDFIs, and why the resident ownership movement is so important.