CDFIs can provide financial tools tailored to the needs of their communities. As a non-profit CDFI serving low-income rural communities, this is very valuable.
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 can provide financial tools tailored to the needs of their communities. As a non-profit CDFI serving low-income rural communities, this is very valuable.
I run a consulting firm that supports CDFIs in their critical work to ensure access to credit and enhanced economic opportunity and job creation. The unique public-private partnership model of CDFIs warrants bipartisan support.
As a certified CDFI and SBA lender, our organization directly serves the communities and businesses this administration is working to support. We provide capital to small manufacturers, job-creating entrepreneurs, and individuals acquiring businesses from retiring owners-the so-called “silver tsunami.” Our work helps keep vital businesses operating and people employed. CDFIs are a proven and effective mechanism for delivering capital where it is needed most. With continued federal support, we stand ready to expand our impact and remain on the front lines of economic development in underserved communities across the country.
CDFIs are essential to ensuring all communities and residents have access to safe, affordable credit when traditional financial institutions are not able to do so. These market-based institutions know their communities needs best and leverage private sector investment. Building bridges between the public and private sectors is what CDFIs do well and we need to preserve the expertise of these organizations by ensuring a robust funding of $324 million for the CDFI Fund.