CDFI are critical in our outline areas. The focus areas and collaborative efforts with tribal members continue to be a success.
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.
CDFI are critical in our outline areas. The focus areas and collaborative efforts with tribal members continue to be a success.
We strongly support continued investment in CDFIs because they empower local economies, create pathways to homeownership and entrepreneurship, and help communities thrive. By ensuring the sustainability and growth of CDFIs, we can continue our mission to help members bank with dignity and build a stronger financial future for all.
Throughout our tenure as a CDFI, (since 2010), KyHFH CDFI has been able to support our 31 nonprofit affordable housing entities with 0-2% loans for the construction of affordable single family housing units, capital equipment, staffing needs, energy efficiency upgrades, land acquisition, infrastructure, commercial property and neighborhood revitalization. Without the funding, support and brand of the CDFI, serving low-income clients, neighborhoods and entire counties in Kentucky would not be possible. To date, Habitat in KY has provided close to 8,000 units of affordable housing that serves a population who earn 80% and below the AMI, but also, our largest client base earns 30-60% AMI. Many of our clients transition from renters to first-time homebuyers as well as moving from a pre-1976 mobile home to a traditionally built housing unit, making their lives safer, more affordable and energy efficient. Who else could provide this type of support as well as improvements to our communities than a CDFI. Without the CDFI Fund, none of this would have taken place in the past, currently or in the future.
Our CDFI has made it possible for me and many others in our community to buy a house, make a budget, and function as responsible community members through educational and financial services.