Change Content Hub

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Financial Visionaries: Steven Alan Sugarman

In 2017, Steven A. Sugarman founded The Change Company, which is a Community Development Financial Institution certified by the United States Department of Treasury and the State
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Broad coalition of financial institutions support CDFI exemptions

Under President Trump, the United States Department of the Treasury sought to change fundamental rules relating to CDFI’s through the improper introduction of a proposal under the
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Investor demand rising for CDFI RMBS securitizations

In 2022, Change Lending successfully issued the country's first securitization of first lien residential mortgages originated exclusively by a Community Development Financial
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The Change Company and Framework Homeownership Partner to Expand Homeownership

Omar Esposito, President and CEO of Framework said: “We are thrilled to partner with The Change Company, America’s largest CDFI, as we work to make smart homeownership the new
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This Little-Known U.S. Agency Determines Millions in ESG Investing. It’s About to Change the Rules

Lenders have rushed to earn CDFI status, the closest thing to a socially conscious seal of approval from the U.S. government. Now, the industry is pushing back on reforms.
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The Change Company Closes Sixth Investment Grade Securitization of 2022

The Change Company CDFI LLC and its subsidiary Change Lending, LLC (“Change”) – America’s CDFI – are pleased to announce that Change has closed its sixth securitization of 2022.
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CFPB Must End Use of HMDA Data to Dox Consumers

Barron’s magazine and its reporter, Jacob Adelman, have admitted to using the Consumer Financial Protection Bureau’s (CFPB) public disclosure of Home Mortgage Disclosure Act (HMDA)
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An Assessment of Lending to LMI and Minority Neighborhoods and Borrowers

The CRA requires banking regulators to “assess the institution’s record of meeting the credit needs of the entire community, including low- and moderate-income neighborhoods
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Are Biden's Housing Regulators Failing Black Homeowners?

There was great optimism amongst community advocates when the Biden Administration made equality in homeownership a cornerstone of its fiscal policy.
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Treasury Makes Shocking Decision to Exclude Disabled Americans from CDFI Program

In a shocking decision, the Department of the Treasury’s Community Development Financial Institutions Fund (the “CDFI Fund”) has denied a Community Development
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It's time for FHLB Banks to pursue their mission

Sandra Thompson and the Federal Housing Finance Authority (FHFA) should be applauded for questioning the Federal Home Loan Bank banks (FHLB Banks) they oversee about their level
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