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.
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 fill crucial gaps in the housing and community development ecosystem, supporting the creation and preservation of affordable housing and vital community facilities that help low-income individuals, families and communities thrive and live with dignity.
CDFI funding helps us support homeowners, contractors and others in the housing market. It fills gaps in markets such as ours that other funding simply cannot.
Invaluable support to people in our neighborhoods who want to build financial security–also to actually finance rehabbing vacant buildings and building new houses on vacant lots in our low/moderate income area.