CDFIs have been essential vehicles for moving investment capital into communities that otherwise cannot access capital. We provide important technical assistance and financial support to grow businesses, finance projects, and revitalize communities thanks to investments from the CDFI Fund, which we then leverage with other private capital.
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.