CDFIs create financing that banks won’t do. We have used CDFI funds for mobile home financing on older mobile homes. The portfolio has a 100% success rate with the funds coming back, revolving and helping another family with affordable housing option.
We cannot abandon Community Development Financial Institutions (CDFIs), who do measurable, positive work in our communities.
CDFIs make our urban and rural economies healthy working alongside financial institutions and providing that responsible capital!