As a former executive of a CDFI I saw firsthand the job creation and the dreams of many clients supported by our organization. We hired amazing financial mission driven talent and we supported hard working entrepreneurs who were seeking opportunities in their community and for their families. The recent EO will not make America great again, it will hurt Americans who are resilient, innovative and a fabric of their communities.
CDFIs fill an important financing gap to help meet the needs of Americans including housing development, community improvements, nonprofit and health infrastructure, and small business. The CDFI Fund is a critical investment in America’s future.
The CDFI FA/TA funding is critical to making projects happen and creating opportunities for employment. The NMTC program is critical to important real estate projects in areas like Opportunity Zones and other under invested areas.