Tenfold Community Lending Stories and Data

Supporting Community Development Financial Institutions (CDFIs) is crucial for economic growth and access to capital in underserved areas. CDFIs provide essential financial services, stimulating local economies by offering affordable loans to small businesses and nonprofits. Increased funding for CDFIs ensures expanded outreach and impact, promoting economic stability and development. Enhanced budgetary support for CDFIs is a strategic investment that benefits the nation’s economic infrastructure.

CDFIs provide critical support that empowers communities to thrive. These financial institutions provide capital that leverages expertise and best practices from the financial services and business sectors to put capital to work in communities across the nation.

Century is a CDFI, and we finance affordable housing and provide capital to underserved communities. We urge continuation of investment and support the appropriation of critical funds to produce more housing.