CDFIs work results in invaluable benefits to communities, including jobs, housing, tax revenue, and vitality.
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.
CDFIs work results in invaluable benefits to communities, including jobs, housing, tax revenue, and vitality.
CDFIs provide the flexible and essential financing for community development, affordable housing, small business and nonprofits that other lenders dont serve. They connect communities with capital.
It has been proven over the decades that the CDFI industry has been mega critical to the flow of capital in this country, specifically in disinvested communities. By appropriating at least $354M for the CDFI Fund, this directly supports the deployment and capacity building of not only CDFIs but the millions of small businesses that hire and create jobs, erect infrastructure, rebuild neighborhood corridors, and partner across industries for improved quality of life. If we are serious about reducing the wealth gap for increased positive impacts, supporting CDFIs is extremely important.
CDFIs help community-focused organizations access capital for traditionally underserved communities.