CDBA Comment Letter on CDFI Capacity Building Initiative

CDBA
Friday, October 24, 2014

CDBA has submitted a comment letter to the CDFI Fund urging a new Capacity Building Initiative on social impact measurement. In the letter, CDBA called attention to the lack of standardization and the absence of an industry wide best practices repository, which both have hampered attempts to develop robust social impact metrics. CDBA recommended addressing these issues by structuring the initiative around two goals: determining the types of impact metrics that are appropriate to collect and promoting cross-industry information sharing. CDBA also recommended the CDFI Fund provide financial and technical support to help defray the costs associated with implementing social impact metrics.