CDFIs fill a real need for underserved and impoverished communities. The need for affordable housing is making living difficult for most Americans. CDFIs responsibly use federal and private funds. In NH, CDFIs are serving both construction and immediate home placement needs.
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.
As a CDFI, we are able to provide loans and investments to borrowers for projects that improve the quality of life in our community’s low to moderate income census tracts. Frequently, these transactions are not supported by financial institutions directly under competitive terms and conditions that we as a CDFI can make.