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.
After coming from several years working in for-profit corporations into a CDFI, I’ve come to appreciate the real benefits CDFIs provide to communities at all levels. CDFIs provide consumer, commercial, mortgage loans, housing development, community facilities when needed, and more creative solutions.
As we look to the next 25 years, we remain focused on investing in entrepreneurs and communities that deserve meaningful opportunities to grow and thrive.
“Northern Nevada Community Housing (NNCH) develops, owns, and manages high-quality affordable housing coupled with supportive services for those most in need in our community,” said Jocelyn Kendall, assistant executive director, NNCH, to the Opportunity Finance Network. Below-market interest rate financing, such as the financing provided by NewWest [CDFI], allows NNCH to create and preserve this housing and provide support resources to our residents.”
Since its inception, the CDFI Fund has been a staunch supporter of CDFIs like MEDA whose mission is focused on rebuilding and stabilizing some of the most impoverished and underserved communities across the country.