The CDFI industry has grown thanks to broad bipartisan support over the last 25 years. We’re counting on Congress to keep this essential economic development engine moving forward.
The CDFI industry has grown thanks to broad bipartisan support over the last 25 years. We’re counting on Congress to keep this essential economic development engine moving forward.
Since 2008, CDFI Sustainable Neighborhoods has lent over $600 million to New York State homeowners at risk of losing their homes to foreclosure. Our lending programs have stabilized tens of thousands of households, thus preventing family displacement that leads to personal financial hardship and expenditures of substantial government funding needed to prevent or address homelessness across New York’s rural, suburban, and urban regions.
CDFIs provide banking services to people who would not otherwise have access to these basic services.