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 provide a critical service to low-income entrepreneurs who are generally excluded from traditional financing to receive business training services and access to affordable capital to help them start their own microenterprises and thus improve their family’s and community’s economic stability.
CDFIs are critical to driving real estate development in underserved communities and during challenging economic times. We have developed more than $100 M in projects using CDFI financing and it is a critical component to the capital stack, as well as important for delivering transformative projects to communities across the country.
The programs of the CDFI Fund play a vital role in expanding our capacity to create economic opportunities for members in CA-18 and CA-19. Support from the CDFI Fund through awards and investments has enabled us to expand our micro lending platform and affordable housing opportunities with support from FA, RRP, and ERP awards.
The AZ CDFI Network supports CDFIs because they are essential drivers of economic growth and stability across Arizona. In both rural and urban areas, CDFIs provide critical access to capital, credit, and financial services for small businesses, affordable housing developments, and community facilities. As a statewide coalition of community-focused lenders, we see firsthand how CDFIs strengthen local economies, support entrepreneurs, and create jobs. Continued investment in the CDFI Fund ensures that communities across Arizona have the resources they need to grow and prosper.