CDFIs have been critical to successfully completing community and economic development projects in distressed and under-resourced communities like Youngstown and Warren, Ohio.
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 have been critical to successfully completing community and economic development projects in distressed and under-resourced communities like Youngstown and Warren, Ohio.
To build communities by providing financial support to under-served entrepreneurs who have been denied financial assistance by other financial institutions.
CDFIs fill a critical void in funding the development of affordable housing. They provide below market interest rates, have flexible terms, and can respond to critical funding needs with more flexibility than a traditional bank/credit union.
CDFIs are an important part of our finance ecosystem. In 2024 alone, the Western Reserve Community Fund (WRCF) distributed over $5M in funding to over 100 small businesses/non-profits in Summit County. CDFI’s, like WRCF, make such a difference in our community.