CDFIs help reduce poverty in our community.
CDFIs help reduce poverty in our community.
CDFIs are an important to give access to those who can’t get access to capital from traditional banks and provides important Technical assistance to borrowers pre and post loan as needed.
NeighborGood Partners became certified as a CDFI by the U.S. Treasury in 2004 and since then, the Loan Fund has lent a total of $180.4 million in 294 loans for affordable housing, community facilities, and neighborhood revitalization. The fund averages about 20 loans a year, with its staff of five managing over $30 million in assets, which represents a 3000% growth in assets since 2004.