Legislation Stories and Data

Legislation Stories

Built to Scale: Designing a Business with Scale in Mind
St. John Manor
Catonsville CO-OP brings together food, community, and local businesses
A Grand Opening Like No Other

Legislation Fact Sheet

Supporting Community Development Financial Institutions (CDFIs) is crucial for economic growth and access to capital in underserved areas. CDFIs provide essential financial services, stimulating local economies by offering affordable loans to small businesses and nonprofits. Increased funding for CDFIs ensures expanded outreach and impact, promoting economic stability and development. Enhanced budgetary support for CDFIs is a strategic investment that benefits the nation’s economic infrastructure.

-T. Jay Diallo, First Community Capital, Inc., Riverside, CA

CDFIs are essential to ensuring all communities and residents have access to safe, affordable credit when traditional financial institutions are not able to do so. These market-based institutions know their communities needs best and leverage private sector investment. Building bridges between the public and private sectors is what CDFIs do well and we need to preserve the expertise of these organizations by ensuring a robust funding of $324 million for the CDFI Fund.

-Victoria E. Stein, Otis Street Advisors LLC, Newton MA, MA

Our CDFI certification and money received has allowed us the opportunity to be of service to the most underserved and marginalized in our community.

-TammyPassafiume, Diamond Lakes FCU, Malvern, AR

Map of Legislation CDFI Branches and Stories