As a former executive of a CDFI I saw firsthand the job creation and the dreams of many clients supported by our organization. We hired amazing financial mission driven talent and we supported hard working entrepreneurs who were seeking opportunities in their community and for their families. The recent EO will not make America great again, it will hurt Americans who are resilient, innovative and a fabric of their communities.
CDFIs fill a vital need in Michigan by supporting community and economic development in under-served areas. Continuing to fund CDFIs will allow them to provide financial support for communities that would otherwise be left behind.
As a founding board member (1982) and original board member of this community development credit union, I urge you to continue funding CDFIs that have a vital role in our community with its current housing crisis.