Thank you to our partners at Inclusive and CDBA for sharing data on CDFI Bank and CDFI Credit Union branch locations. In addition, about 100 of our CDFI Stories come from OFN’s story database.
CDFIs are critical to our economy. They step in where banks can’t – or wont – go. They leverage hundreds of millions of private dollars every year and invest them in underserved businesses and communities, based on need and impact. This is an effective, efficient public-private solution to pressing social and economic issues throughout our country.
Funding through the CDFI fund is essential to our home ownership, home ownership preservation and multifamily housing development programs. CDFI funding provides flexible, low-cost funds that fill the financing gaps in projects that provide affordable, safe, and healthy housing to our clients.
CDFIs are important for local economic development.
CDFIs provide the flexible and essential financing for community development, affordable housing, small business and nonprofits that other lenders dont serve. They connect communities with capital.