March 17, 2016 Stories and Data

Rebuilding Together
Pennsylvania Assistive Technology Foundation Lending in PA District 1
CDVCA Invests in Goodwrx
ECLF Uses Capital Magnet Award to Support Rural Housing

Testimonials

CDFIs drive economic mobility in a way that positively transforms communities in many ways. It’s relevant for folks with a business/economy-first mentality to know: CDFIs create small businesses, develop financially stable households, and increase low-come families’ spending power. These are metrics that are meaningful to people of all political views. Investing in the CDFI Fund pays dividends to the broader economy. This is not a politically divisive line item in the budget. Fund the CDFI Fund!

-Kit Fordham, Mni Sota Fund, Minneapolis, MN

NeighborGood Partners became certified as a CDFI by the U.S. Treasury in 2004 and since then, the Loan Fund has lent a total of $180.4 million in 294 loans for affordable housing, community facilities, and neighborhood revitalization. The fund averages about 20 loans a year, with its staff of five managing over $30 million in assets, which represents a 3000% growth in assets since 2004.

-Karen Speakman, Neighborgood Partners, Wilmington, DE

CDFIs make our urban and rural economies healthy working alongside financial institutions and providing that responsible capital!

-Wendy K. Baumann, WWBIC, Mequon, WI