CDFIs are an important part of our finance ecosystem. In 2024 alone, the Western Reserve Community Fund (WRCF) distributed over $5M in funding to over 100 small businesses/non-profits in Summit County. CDFI’s, like WRCF, make such a difference in our community.
I appreciate the aspect of the program that puts decision-making in the hands of non-governmental institutions. I think this facilitates efficient use of tax-payer dollars.
CDFIs fill an important financing gap to help meet the needs of Americans including housing development, community improvements, nonprofit and health infrastructure, and small business. The CDFI Fund is a critical investment in America’s future.