It is critical to the development of affordable housing. CDFIs work in areas other financial institutions are either unable to or unwilling to. CDFI loans really make an impact on effectively addressing the financial needs of low-income families.
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.
It is critical to the development of affordable housing. CDFIs work in areas other financial institutions are either unable to or unwilling to. CDFI loans really make an impact on effectively addressing the financial needs of low-income families.
The impact that CDFI credit unions can make in lower income areas by providing financial tools for the community raises the financial independence of individuals in that area and then lessens the amount of ongoing aid that needs to be provided by the government directly to those communities.
They support small businesses with financial gain and information to further their business
I support CDFIs because I’ve witnessed the economic development they bring to an underserved community and the people that inhabit these areas.