Bridge and other CDFIs support business creation and expansion as well as the construction and redevelopment of housing in low to moderate income neighborhoods. These are activities not offered or delivered by other financial institutions to extent provided by CDFI’s.
CDFIs bridge an important gap in capital between fully bankable and not yet bankable deals reaching out to Socially and Economically Disadvantaged Individual business owners to grow our economy.
I am a Board Member of a Native American CDFI that serves Wabanaki Tribes and tribal members in Maine. It’s been quite concerning of the number of threats to our services by the Trump Administration. My hope is that these threats are no longer a hinderance to our daily services particularly the issue of federal funding freeze.