CDFIs work results in invaluable benefits to communities, including jobs, housing, tax revenue, and vitality.
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.
CDFIs work results in invaluable benefits to communities, including jobs, housing, tax revenue, and vitality.
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.
Native CDFIs are important to fixing the housing crisis in Indian Country. They are a way for Tribes to attract capital that leave Tribal members in control.
I support CDFIs because they provide essential financial services to underserved communities, helping individuals and businesses access capital that traditional banks often overlook.