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.
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.
CDFIs assist businesses and individuals that often cannot access bank capital. Especially in rural SD access to capital is difficult and the # of small banks have been reduced.
As a Community Development Financial Institution Homewise has utilized resources available through the CDFI Fund to help New Mexicans achieve their dream of homeownership. With dollars from the CDFI Fund Homewise has provided approximately $10.5 million in amortizing loans and another $6.9 million in down payment assistance to 656 households. Of these households, 60% were under 80% AMI.
Kentucky Highlands provides access to capital to small businesses located in its economically distressed and persistent poverty rural Appalachian service area.