CDFIs, as mission-driven financial institutions are at the forefront in providing access to capital to underserved borrowers.
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, as mission-driven financial institutions are at the forefront in providing access to capital to underserved borrowers.
CDFI funding helps us support homeowners, contractors and others in the housing market. It fills gaps in markets such as ours that other funding simply cannot.
CDFIs are critical to increasing access to capital in communities across the country. Here at Communities Unlimited, we are filling gaps that the market cannot fill. Leveraging the CDFI Fund, we provide lending services that are critical to basic infrastructure in rural places, sparking entrepreneurship in small towns, and deploying capital to increase investment in homes and property in rural areas. Our lending portfolio includes rural and regional water and wastewater systems, small business loans for unserved entrepreneurs who cannot access a loan from a traditional bank, and consumer loans for home improvement, private wells, and private septic systems in rural places. The best part about our lending services: our clients pay them off. These are not handouts but loans. CU’s lending services, through the CDFI Fund, are critical for increasing access to capital and driving economic growth in rural places.
CDFIs fill a vital need in Michigan by supporting community and economic development in under-served areas. Continuing to fund CDFIs will allow them to provide financial support for communities that would otherwise be left behind.