CDFIs provided necessary funding and support to communities, including small businesses. Economic opportunity is the path to a unified society.
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 provided necessary funding and support to communities, including small businesses. Economic opportunity is the path to a unified society.
CDFIs are important for local economic development.
CDFIs drive economic mobility in a way that positively transforms communities in many ways. It’s relevant for folks with a business/economy-first mentality to know: CDFIs create small businesses, develop financially stable households, and increase low-come families’ spending power. These are metrics that are meaningful to people of all political views. Investing in the CDFI Fund pays dividends to the broader economy. This is not a politically divisive line item in the budget. Fund the CDFI Fund!
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.