CDFIs invest in creative solutions for communities, producing impactful outcomes such as those related to quality jobs, affordable housing, community health, and child wellbeing.
CDFIs invest in creative solutions for communities, producing impactful outcomes such as those related to quality jobs, affordable housing, community health, and child wellbeing.
NeighborGood Partners became certified as a CDFI by the U.S. Treasury in 2004 and since then, the Loan Fund has lent a total of $180.4 million in 294 loans for affordable housing, community facilities, and neighborhood revitalization. The fund averages about 20 loans a year, with its staff of five managing over $30 million in assets, which represents a 3000% growth in assets since 2004.
CDFIs are most proximate to communities needs and provide responsible, flexible capital solutions that support new business starts, job creation / retention, financial acumen building and skills development, and delivery of critical goods and services to opportunity rich communities.