CDFI Fund 30th Anniversary Report

Thirty years ago, the landmark Riegel Community Development Banking Act of 1994 created the Community Development Financial Institutions (CDFI) Fund, a new agency tasked with supporting a burgeoning movement of mission-driven lenders. Since that time, CDFIs have become a beacon of hope, driving economic growth, fostering financial inclusion, and uplifting low-income and underserved communities through innovative financial solutions.

To celebrate the 30th Anniversary of the CDFI Fund, the CDFI Coalition, the unified voice of CDFIs, surveyed its membership and curated 70 inspiring case studies providing a testament to the resilience, creativity, and impact of CDFIs over three decades. Each story is a unique narrative of empowerment, illustrating how CDFIs have not only provided essential capital but also catalyzed community development, supported small businesses, enabled affordable housing, and much more. These stories encapsulate the spirit of CDFIs’ mission-driven work, highlighting the profound difference they make in people’s lives and the communities they serve.

We hope this publication inspires policymakers, financial professionals, community leaders, and to reflect on the achievements of the CDFI sector.