CDFIs have been a vital role in our community by providing low-cost capital to businesses. Capital is not readily available in the rural area I live, so it’s imperative that CDFIs continue to receive funding that helps support small businesses and continue to grow small communities.
CDFIs stand in the gap for communities that have long been overlooked, offering the tools, capital, and support that empower people to lift themselves up by their bootstraps. From revitalizing main streets to helping families buy their first homes, CDFIs turn potential into progress. With timely and full support from the Treasury Department, these institutions can continue delivering measurable impact, fueling self-reliance, entrepreneurship, and generational change in America’s most underinvested communities
The impact CDFI organizations make through their lending programs helps communities by providing financing that helps create or expand a small business, create or sustain jobs, and offers communities an expanded tax base.