CDFIs fill an important financing gap to help meet the needs of Americans including housing development, community improvements, nonprofit and health infrastructure, and small business. The CDFI Fund is a critical investment in America’s future.
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 fill an important financing gap to help meet the needs of Americans including housing development, community improvements, nonprofit and health infrastructure, and small business. The CDFI Fund is a critical investment in America’s future.
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.
To build communities by providing financial support to under-served entrepreneurs who have been denied financial assistance by other financial institutions.
The work that CDFIs do helps us all realize the American Dream. They stimulate the economy, locally and nationally, and give credence to the idea of picking oneself up by one’s bootstraps to make a better tomorrow for their community.