September 26, 2019 Stories and Data

Built to Scale: Designing a Business with Scale in Mind

Wheaton,
Maryland

Latino Economic Development Center

St. John Manor

Bakersfield,
California

Clearinghouse CDFI

Catonsville CO-OP brings together food, community, and local businesses

Catonsville,
Maryland

Baltimore Community Lending

A Grand Opening Like No Other

Sunnyvale,
California

Housing Trust of Silicon Valley

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Testimonials

I support Community Development Financial Institutions (CDFIs) because they are essential in promoting equitable economic growth and community development. At GROW SD, we see how CDFIs empower underserved populations by providing tailored financial solutions that create housing stability and sustainable businesses. Their commitment to reinvesting in local economies aligns with our mission to enhance community well-being. By supporting CDFIs, we can help build stronger, more resilient communities where everyone has the opportunity to thrive.

-Kristin Hofland, GROW South Dakota, Sisseton, SD

CDFIs are essential to ensuring all communities and residents have access to safe, affordable credit when traditional financial institutions are not able to do so. These market-based institutions know their communities needs best and leverage private sector investment. Building bridges between the public and private sectors is what CDFIs do well and we need to preserve the expertise of these organizations by ensuring a robust funding of $324 million for the CDFI Fund.

-Victoria E. Stein, Otis Street Advisors LLC, Newton MA, MA

Bridge and other CDFIs support business creation and expansion as well as the construction and redevelopment of housing in low to moderate income neighborhoods. These are activities not offered or delivered by other financial institutions to extent provided by CDFI’s.

-Dirk J Meminger, Bridge Investment Community Development Corp, Rock Island, IL