CDFIs make our urban and rural economies healthy working alongside financial institutions and providing that responsible capital!
CDFIs make our urban and rural economies healthy working alongside financial institutions and providing that responsible capital!
CDFIs support the needs of small businesses and consumers in rural, suburban, and urban areas across the United States. The designation is key to legitimizing and elevating our work with banks and other leveraged investors who align with our industry to bring affordable capital to markets that need catalytic investments to sustain and grow small businesses. These businesses create jobs, provide goods and services, and pay taxes that build strong communities. We need to preserve and grow the CDFI Fund for all Americans.
The Community Development Financial Institutions Fund (CDFI Fund) plays a vital role in building a strong economy! CDFIs are one of the country’s most effective examples of public-private partnership. They attract private capital to help families buy homes, schools and health centers expand, small businesses grow, and communities thrive – especially in places traditional investors don’t reach on their own. CDFIs are important partners in deploying tax credit programs, such as New Markets Tax Credits, which incentivize investments while reducing taxpayer burden. Some of America’s greatest achievements – from the moon landing (and even modern space exploration) to the birth of Silicon Valley – happened because government had the vision to catalyze private innovation and investment. CDFIs operate in that same spirit. Every day we see how smart, targeted investments unlock opportunity and drive prosperity that benefits everyone. CDFIs are effective because they fuel American ingenuity in the places it exists, which is everywhere!