We cannot abandon Community Development Financial Institutions (CDFIs), who do measurable, positive work in our communities.
We cannot abandon Community Development Financial Institutions (CDFIs), who do measurable, positive work in our communities.
CDFIs benefit communities like Syracuse, which have experienced economic decline due to the withdrawal of large employers (like Carrier, GE, etc.) but are also seeing revitalization.
In Syracuse’s depressed economy, CDFIs have been a lifeline for aiding some of the most financially challenged residents and businesses. My credit union has leveraged CDFI funds to lift many households out of poverty, and we need this to continue.