May 2023 Stories and Data

Rebuilding Together
Pennsylvania Assistive Technology Foundation Lending in PA District 1
CDVCA Invests in Goodwrx
ECLF Uses Capital Magnet Award to Support Rural Housing

Testimonials

Supporting Community Development Financial Institutions (CDFIs) is crucial for economic growth and access to capital in underserved areas. CDFIs provide essential financial services, stimulating local economies by offering affordable loans to small businesses and nonprofits. Increased funding for CDFIs ensures expanded outreach and impact, promoting economic stability and development. Enhanced budgetary support for CDFIs is a strategic investment that benefits the nation’s economic infrastructure.

-T. Jay Diallo, First Community Capital, Inc., Riverside, CA

CDFIs provide extraordinary support to many people who otherwise would not be able to access ordinary banking and credit opportunities. They are frequently located in banking deserts”

-Sam Eschenbrenner, Syracuse Cooperative Federal Credit Union, Syracuse, NY

After coming from several years working in for-profit corporations into a CDFI, I’ve come to appreciate the real benefits CDFIs provide to communities at all levels. CDFIs provide consumer, commercial, mortgage loans, housing development, community facilities when needed, and more creative solutions.

-Julia Nelmark, Midwest Minnesota Community Development Corporation (MMCDC), Detroit Lakes, MN