CDFIs have been critical to successfully completing community and economic development projects in distressed and under-resourced communities like Youngstown and Warren, Ohio.
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 have been critical to successfully completing community and economic development projects in distressed and under-resourced communities like Youngstown and Warren, Ohio.
CDFIs are an important part of our finance ecosystem. In 2024 alone, the Western Reserve Community Fund (WRCF) distributed over $5M in funding to over 100 small businesses/non-profits in Summit County. CDFI’s, like WRCF, make such a difference in our community.
As a CDFI, we are able to provide loans and investments to borrowers for projects that improve the quality of life in our community’s low to moderate income census tracts. Frequently, these transactions are not supported by financial institutions directly under competitive terms and conditions that we as a CDFI can make.
CDFIs were a critical component to our funding stacking. Allowing us to triple our occupancy and better meet our vision of a world where every family has what they need to ensure the best health outcomes for their children.