CDFIs provide critical support that empowers communities to thrive. These financial institutions provide capital that leverages expertise and best practices from the financial services and business sectors to put capital to work in communities across the nation.
[The CDFI Fund is an] incredibly important economic development agent that helps all small businesses across the country to grow, create jobs, become bankable and strengthen our economy.
CDFIs have a demonstrated track record of success: they often leverage every federal dollar to attract up to 12 times that amount in private investment, reaching borrowers that traditional banks overlook. Whether it’s a veteran-owned business in Montana, a farm in the Central Valley, or a childcare provider in the South Bronx, CDFIs meet communities where they are, providing not only loans but financial education, technical assistance, and long-term support. This is not a partisan issue. Nearly every congressional district in America benefits from the work of CDFIs, with 92% of House districts having at least one CDFI. CDFIs are an engine of local resilience-supporting job creation, small business formation, and upward mobility.