True core CDFIs are the leaders and support mechanisms in rural communities. They are the local trusted partners that positively impact individuals, companies and communities to build equity and hope into areas that are difficult to develop.
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.
True core CDFIs are the leaders and support mechanisms in rural communities. They are the local trusted partners that positively impact individuals, companies and communities to build equity and hope into areas that are difficult to develop.
The AZ CDFI Network supports CDFIs because they are essential drivers of economic growth and stability across Arizona. In both rural and urban areas, CDFIs provide critical access to capital, credit, and financial services for small businesses, affordable housing developments, and community facilities. As a statewide coalition of community-focused lenders, we see firsthand how CDFIs strengthen local economies, support entrepreneurs, and create jobs. Continued investment in the CDFI Fund ensures that communities across Arizona have the resources they need to grow and prosper.
Since its inception, the CDFI Fund has been a staunch supporter of CDFIs like MEDA whose mission is focused on rebuilding and stabilizing some of the most impoverished and underserved communities across the country.
The purpose of CDFI funds are critical to the communities to be able to support people and programs such as affordable housing and financial literacy to improve the wellbeing of the community.