Fund program has been instrumental to Cooperative Federal’s work over the years, helping us reach more people and have a bigger impact on our local neighborhoods.
Fund program has been instrumental to Cooperative Federal’s work over the years, helping us reach more people and have a bigger impact on our local neighborhoods.
CDFIs provide access to critical financial services and education in a way that’s accessible to and designed for low income and low wealth people and families. CDFIs help strengthen the US economy by expanding opportunities for homeownership, small business, and consumer credit., and federal grants to CDFIs are leveraged many times over by private capital. Due to the success of this work, the CDFI Fund has been sustained by broad, bipartisan support for 25 years.
CDFIs are most proximate to communities needs and provide responsible, flexible capital solutions that support new business starts, job creation / retention, financial acumen building and skills development, and delivery of critical goods and services to opportunity rich communities.