These funds are vital to increase the capacity to serve low to moderate income families and their purchase of safe, fit, and affordable housing.
These funds are vital to increase the capacity to serve low to moderate income families and their purchase of safe, fit, and affordable housing.
The shift in business models among banks and credit unions—along with ongoing consolidation and the retreat from rural markets—has left a growing number of entrepreneurs without access to traditional financing. In response, MoFi and other CDFIs have become critical entry points for future bank customers.
Our credit union has been a certified institution since 2017 if not for the [CDFI] program we could not lend to individuals that have a problem getting funding if this program is not funded many citizens who are in financially weakest position the most.