Invaluable support to people in our neighborhoods who want to build financial security–also to actually finance rehabbing vacant buildings and building new houses on vacant lots in our low/moderate income area.
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.
Invaluable support to people in our neighborhoods who want to build financial security–also to actually finance rehabbing vacant buildings and building new houses on vacant lots in our low/moderate income area.
CDFIs fill crucial gaps in the housing and community development ecosystem, supporting the creation and preservation of affordable housing and vital community facilities that help low-income individuals, families and communities thrive and live with dignity.
Since 2008, CDFI Sustainable Neighborhoods has lent over $600 million to New York State homeowners at risk of losing their homes to foreclosure. Our lending programs have stabilized tens of thousands of households, thus preventing family displacement that leads to personal financial hardship and expenditures of substantial government funding needed to prevent or address homelessness across New York’s rural, suburban, and urban regions.
The CDFI industry has grown thanks to broad bipartisan support over the last 25 years. We’re counting on Congress to keep this essential economic development engine moving forward.