True core CDFIs are the leaders and support mechanisms in rural communities. They are the local trusted partners that positively impact individuals, companies and communities to build equity and hope into areas that are difficult to develop.
True core CDFIs are the leaders and support mechanisms in rural communities. They are the local trusted partners that positively impact individuals, companies and communities to build equity and hope into areas that are difficult to develop.
NeighborGood Partners became certified as a CDFI by the U.S. Treasury in 2004 and since then, the Loan Fund has lent a total of $180.4 million in 294 loans for affordable housing, community facilities, and neighborhood revitalization. The fund averages about 20 loans a year, with its staff of five managing over $30 million in assets, which represents a 3000% growth in assets since 2004.
The work of CDFIs and the CDFI Fund is critical for so many small businesses, real estate developers, nonprofits, and communities across the United States.