I have chaired our local board and our foundation is extremely supportive of the difference [CDFI Fund awards] have made in the Dayton community!
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.
I have chaired our local board and our foundation is extremely supportive of the difference [CDFI Fund awards] have made in the Dayton community!
Since its inception in 1994, PeopleFund – a CDFI and SBA Lender – has deployed more than $1.2 Billion in financial assistance in areas that needed jobs and revitalization in Texas. Almost 60% of this growth took place in the last 5 years. We are also the managing member of the Veteran Loan Fund, a collaborative effort of a growing number of CDFIs across the country supporting Veterans and Veteran spouses start and grow their businesses.
I have watched how CDFIs support small business owners and home owners where banks and credit unions could not. The amount banks charge is often above what people can pay, CDFIs that are nonprofits even the playing field for them by investing in the people and not company profits.
CDFIs are essential for the economic vitality of rural communities like the ones we serve in Western North Carolina. The CDFI Fund represents an extremely effective and high-return investment.