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 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.
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 create impactful changes in communities and provide catalytic growth and changes which provide jobs, particularly in low and moderate in come areas.