Working with CDFIs to Close the Opportunity Gap and Make Capital More Accessible

Working with CDFIs to Close the Opportunity Gap and Make Capital More Accessible

CNote profiles partner CDFIs and their successful borrowers like Linda Newman (pictured) owner of Points Unknown, an off-the-grid homestead and sled dog-based adventure company in northern Minnesota. She got a loan from The Entrepreneur Fund, a CNote partner CDFI.  Blog post by CDFI Coalition Member Stacy Zielinski of CNote As a former loan officer for […]

Combating the Fragility of Hope

Combating the Fragility of Hope

Guest blog post authored by John Holdsclaw IV, Chair of the CDFI Coalition. Across the country today, we observe the national holiday celebrating the life of Dr. Martin Luther King Jr. The King Center’s (located in Atlanta) theme and call to action for this year’s observance is “The Urgency of Creating the Beloved Community!” While […]

CDFIs Among PPP Lenders that Get First Call in PPP Re-Opening; SBA Issue New Guidance

CDFIs Among PPP Lenders that Get First Call in PPP Re-Opening; SBA Issue New Guidance

As reported yesterday, the SBA will reopen the Paycheck Protection Program (PPP) next week. As a part of a call they held with trade leaders this morning, SBA and Treasury staff indicated that Community Financial Institutions (CFIs), which includes CDFIs, will be provided a brief head start for submitting loan applications, including First Draw PPP […]

CDFI Fund Looks to Implementation of COVID Response Programming

CDFI Fund Looks to Implementation of COVID Response Programming

The Fiscal Year (FY) 2021Consolidated Appropriation Act included $900 billion for assistance to people and communities coping with the economic and social consequences of the pandemic. As we reported earlier, $12 billion was made available to the Treasury Department and the CDFI Fund, including $9 billion for capital investments to Minority Depository Institutions (MDIs), and $3 […]

Congressional Action Needed to Assist Small Business

Congressional Action Needed to Assist Small Business

The Stanford Institute for Economic Policy and Research found, in the midst of the COVID-19 crisis: “African-American businesses were hit especially hard experiencing a 41 percent drop. Latinx business owners fell by 32 percent, and Asian business owners dropped by 26 percent. Simulations indicate that industry compositions partly placed these groups at a higher risk […]

CDFIs Create Access to Food During Times of Distress

CDFIs Create Access to Food During Times of Distress

Access to affordable, healthy foods is a challenge in many low-income communities, from large urban neighborhoods, to suburban and rural areas, as well as in communities of color. CDFIs have been working to create access to healthy foods and address food insecurity for decades. With the coronavirus pandemic impacting many families’ and individuals’ resources, businesses […]

CDFIs and FQHCs Support Communities Most Affected by COVID-19

CDFIs and FQHCs Support Communities Most Affected by COVID-19

Blog post by CDFI Coalition Board Member Anne Dyjak The COVID-19 health crisis has impacted nearly every household and business in this country. The pandemic has particularly highlighted the health disparities prevalent in low-income communities, which have historically suffered from significantly higher rates of chronic disease and behavioral health issues. These same communities are now experiencing the […]

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