CDFIs fill a critical void in funding the development of affordable housing. They provide below market interest rates, have flexible terms, and can respond to critical funding needs with more flexibility than a traditional bank/credit union.
CDFIs fill a critical void in funding the development of affordable housing. They provide below market interest rates, have flexible terms, and can respond to critical funding needs with more flexibility than a traditional bank/credit union.
CDFIs provide opportunity for those who would otherwise not have access.
I am a Board Member of a Native American CDFI that serves Wabanaki Tribes and tribal members in Maine. It’s been quite concerning of the number of threats to our services by the Trump Administration. My hope is that these threats are no longer a hinderance to our daily services particularly the issue of federal funding freeze.