CDFIs are an important to give access to those who can’t get access to capital from traditional banks and provides important Technical assistance to borrowers pre and post loan as needed.
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 are an important to give access to those who can’t get access to capital from traditional banks and provides important Technical assistance to borrowers pre and post loan as needed.
CDFIs fill a real need for underserved and impoverished communities. The need for affordable housing is making living difficult for most Americans. CDFIs responsibly use federal and private funds. In NH, CDFIs are serving both construction and immediate home placement needs.
CDFIs are essential to ensuring all communities and residents have access to safe, affordable credit when traditional financial institutions are not able to do so. These market-based institutions know their communities needs best and leverage private sector investment. Building bridges between the public and private sectors is what CDFIs do well and we need to preserve the expertise of these organizations by ensuring a robust funding of $324 million for the CDFI Fund.
CDFIs are an important part of the economic system and help deploy money to underserved communities, bringing needed resources such as affordable housing, health care, quality education, etc.