CDFIs are a vital source of capital for the small and micro businesses in our communities, businesses that typically aren’t at the scale to be served by the large banks. They create jobs, generate taxes and keep our communities and economy vibrant and strong.
Century is a CDFI, and we finance affordable housing and provide capital to underserved communities. We urge continuation of investment and support the appropriation of critical funds to produce more housing.
CDFIs are filling the deep credit gap encountered in many communities providing financing to small businesses, affordable housing, and community facilities, creating jobs and business opportunities and promoting revitalization.