Invaluable support to people in our neighborhoods who want to build financial security–also to actually finance rehabbing vacant buildings and building new houses on vacant lots in our low/moderate income area.
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.
Invaluable support to people in our neighborhoods who want to build financial security–also to actually finance rehabbing vacant buildings and building new houses on vacant lots in our low/moderate income area.
CDFIs help people with the big repairs, supporting jobs, and financing vehicles to get to work and shopping. These are all good for the economy as well for those individual families.
At Prestamos, we support CDFIs because they are a lifeline for underserved communities, providing access to capital and technical assistance where traditional financial institutions often fall short. CDFI funding enables us to offer flexible, culturally competent lending and support services that help small businesses grow, create jobs, and build generational wealth. Without CDFIs, too many communities would be left behind in our economic recovery and growth. We are proud to be part of the solution that bridges this equity gap.
“Northern Nevada Community Housing (NNCH) develops, owns, and manages high-quality affordable housing coupled with supportive services for those most in need in our community,” said Jocelyn Kendall, assistant executive director, NNCH, to the Opportunity Finance Network. Below-market interest rate financing, such as the financing provided by NewWest [CDFI], allows NNCH to create and preserve this housing and provide support resources to our residents.”