As a CDFI, we support areas that have had historical underinvestment and see a transformative impact to those communities over time. The CDFI fund has an excellent private investment track record that accompanies the Treasury investment, leveraging the funds at an $8 or more for every $1 from the CDFI fund. This helps incentivize investment in these communities, bringing greater prosperity to all and putting all Americans to work that can access these programs.
As the Chair of the Board I see the positive impacts of our lending and business advising daily. Our work is integral to the health and vibrancy of our local community. Our support of emerging entrepreneurs and small businesses looking to grow fills an existing gap in the private sector and provides accessible options for many businesses.
I appreciate the aspect of the program that puts decision-making in the hands of non-governmental institutions. I think this facilitates efficient use of tax-payer dollars.