How liquid are community investments?
It depends on the type of investment. Savings, checking, and money market accounts in community development banks and credit unions have no minimum term and are liquid investments. Certificates of Deposits do have terms of one month or more, and may or may not be considered “liquid” depending on the portfolio of the institution or individual. Investments in community development loan funds and venture capital funds are generally not considered to be liquid and have terms that are chosen by the investor at the beginning of the investment.
