Our Souls are Rested

Our Souls are Rested

Blog post by CDFI Coalition Board Chair John Holdsclaw, IV Since I became the Board Chair of the Coalition of Community Development Financial Institutions (CDFI Coalition), I have intended to write a blog post, but as they say, “sometimes life gets in the way.”  As I have watched the civil unrest and cries of social justice […]

Mission-Driven Support for Small Business in Maine

Mission-Driven Support for Small Business in Maine

Blog post by CDFI Coalition member Keith Bisson Small businesses are the core of Maine’s economy. In 2019, businesses defined by the U.S. Small Business Administration (SBA) as “small” (with fewer than 500 employees) made up 99 percent of all Maine Business and employed over half of the State’s workforce. When the COVID-19 pandemic forced many small […]

CDFIs Helping Communities with Natural Disasters, the Pandemic, Sometimes Both

CDFIs Helping Communities with Natural Disasters, the Pandemic, Sometimes Both

Blog post by CDFI Coalition member Marshall E. Crawford Less than a week before devastating tornadoes struck Tennessee, Ms. Natasha Lane had a conversation with her daughter about needing to renew her homeowner’s insurance. Then on March 3rd, 10 tornadoes touched down across the state, causing extensive damage to homes and businesses throughout the Nashville […]

Congress and COVID-19 Appropriations for CDFIs

Congress and COVID-19 Appropriations for CDFIs

Blog post author Bob Rapoza, CDFI Coalition Spokesperson We’ve all seen the devastating impact the coronavirus has had on the economy and small businesses nationwide, but particularly in low-income and minority communities. The average small business only has enough cash to survive 27 days and this is impacting employees and communities that depend on these […]

Kicking off the #CDFI Week of Action!

Kicking off the #CDFI Week of Action!

Join the CDFI Coalition and CDFI community this week from June 8-14, in our effort to increase resources for CDFIs in COVID-19 related federal legislation. The House-passed Health and Economic Recovery Omnibus Emergency Solutions, or HEROES Act (H.R. 6800), proposes $1 billion in funding for the CDFI Fund, which is expected to be taken up […]

37 Senators Call for $1B in CDFI Fund Appropriations

37 Senators Call for $1B in CDFI Fund Appropriations

Today, 37 Senators from both parties called for $1 billion in CDFI Fund appropriations. The text of their letter is below along with the full list of Senators who signed the letter. Senators Reed (D-RI) and Collins (R-ME) took the lead on the letter. List of signers: Senator Feinstein (CA) Senator Harris (CA) Senator Carper […]

Multitude of Organizations Urge Congress to Support $1 Billion in Funding to Assist Communities That Need it Most

Multitude of Organizations Urge Congress to Support $1 Billion in Funding to Assist Communities That Need it Most

More Than 500 Mission-Driven Lenders Call on Congress to Support $1 Billion for the CDFI Fund

CDFIs Assisting Businesses During the COVID Crisis

CDFIs Assisting Businesses During the COVID Crisis

There are over 1,000 CDFIs across the country with extensive experience providing patient capital to meet the needs of businesses and families in economically distressed communities. CDFIs also provide technical assistance and support to triage distressed businesses. This experience makes them uniquely suited to tackle the challenges facing businesses over the coming months. Learn how […]

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