NY18 Stories and Data

CDFIs provide access to critical financial services and education in a way that’s accessible to and designed for low income and low wealth people and families. CDFIs help strengthen the US economy by expanding opportunities for homeownership, small business, and consumer credit., and federal grants to CDFIs are leveraged many times over by private capital. Due to the success of this work, the CDFI Fund has been sustained by broad, bipartisan support for 25 years.

CDFIs help people with the big repairs, supporting jobs, and financing vehicles to get to work and shopping. These are all good for the economy as well for those individual families.

CDFIs provide extraordinary support to many people who otherwise would not be able to access ordinary banking and credit opportunities. They are frequently located in banking deserts”