Mapped CDFI investment data (2005-2023), via CDFI Friendly America.
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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.
As a Native CDFI, funding from the CDFI Fund provides Native communities with access to capital that would otherwise be unavailable. Due to the complexities of tribal lands, traditional banks do not offer the same financial opportunities. Native CDFIs, supported by the CDFI Fund, are bridging this gap by providing equitable access to capital in ways that were previously unheard of.
I support CDFIs because they provide needed capital for small businesses and first-time homebuyers. This capital allows people to build wealth and/or provide a product/service to their community, which leads to economic prosperity for the local area. Because the financing is provided as a loan, clients are equally invested in the success of their home/business.