We ask for your support because CDFIs are a reliable and thoroughly vetted resource to urban, suburban, and rural communities across the country, ensuring businesses and homebuyers have access to capital that helps alleviate generational poverty.
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.
We ask for your support because CDFIs are a reliable and thoroughly vetted resource to urban, suburban, and rural communities across the country, ensuring businesses and homebuyers have access to capital that helps alleviate generational poverty.
As an emerging CDFI serving the state of MN with small dollar consumer lending, this funding is essential to us to help combat predatory lending that strips wealth from low-income communities and allows us to provide stabilizing capital to communities to stay housed, employed, and (re)build credit to reach their asset building goals (e.g. car and home ownership) for the future.
CDFIS help nonprofit organizations in my community.
CDFIs drive economic mobility in a way that positively transforms communities in many ways. It’s relevant for folks with a business/economy-first mentality to know: CDFIs create small businesses, develop financially stable households, and increase low-come families’ spending power. These are metrics that are meaningful to people of all political views. Investing in the CDFI Fund pays dividends to the broader economy. This is not a politically divisive line item in the budget. Fund the CDFI Fund!