The work of CDFIs and the CDFI Fund is critical for so many small businesses, real estate developers, nonprofits, and communities across the United States.
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.
The work of CDFIs and the CDFI Fund is critical for so many small businesses, real estate developers, nonprofits, and communities across the United States.
I am a real estate broker and development consultant working with emerging developers, small businesses and nonprofits. Many of my clients cannot finance their projects with traditional debt and equity because they don’t come from generational wealth and because their projects are more challenging because they are in markets that are not achieving their full potential yet or meeting critical community needs that don’t produce quite as much profit. CDFI lending has stepped in the gap to solve dozens of critical projects that just need a little boost to get to the finish line, and CDFIs are critical partners to Platform’s work.
We want ALL entrepreneurs to have access to capitol to support their businesses. Especially those that may be deemed unbankable.
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.