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.
CDFIs make a difference in people’s lives and in our communities. They encourage development and entrepreneurship that amplifies beyond the appropriations requested. Investing in the CDFI fund is an important investment that brings real, tangible results.
It is critically important that the United States Department of the Treasury continues to support the work of CDFIS throughout our great nation.