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.
We chose a mobile home because of the convenience and ease of one-floor living. The result of our move is that we now have a place that meets our physical and social needs as we age… Working with Capital for Change [CDFI] was quite the experience! What an excellent program that makes housing affordable to all!
CDFIs help community-focused organizations access capital for traditionally underserved communities.
CDFIs provide critical support to low- to moderate-income communities in the form of loans and technical assistance. This support provides individuals and businesses unable to access traditional financing the opportunity to build their financial acumen, responsibly manage debt while building credit scores and wealth, and eventually graduate to accessing traditional banking products. In the meantime, these individuals are able to start or expand businesses, become homeowners, purchase vehicles, and access capital to cover emergency situations. CDFIs played a critical role with this activity during the pandemic and are part of the essential fabric when it comes to uplifting local economies and providing individuals with a path to the American dream of homeownership and prosperity in a way that promotes self-sufficiency and self-reliance.
They support small businesses with financial gain and information to further their business