Michelle Fischbach (R-MN07)

Impact in the District

Between 2005 and 2023, there was $918.2 million in total lending from CDFI Fund award recipients, including $156.8 million in loans to businesses and entrepreneurs, $393.1 million in housing development and mortgage lending, $158.2 million in consumer lending, $27.1 million in lending to commercial real estate and community facilities, with the balance going to other activities. For more impact data, check out the CDFI Advocacy App over at CDFI Friendly America.

Stories from the District
A Fresh Start
Zephyr Estates provides an important rental opportunity in the small town of Audubon, Minn. MMCDC purchased Zephyr in 2016 and worked with the U.S. Dept. of Agriculture to maintain the affordable rents. Due to the building’s age and condition, MMCDC later undertook a major interior renovation.
A New Look
Today, the interior of Barber Jon’s is charming. From the antique barbershop light to the Vikings football jersey, the friendly, comfortable environment offers standard barbering services delivered with community pride.
A Place To Be
Trinity G. and her mother lived in a mobile home for several years before their landlord decided to put it up for sale.
At Home in Red Lake Falls, Minn.
This up-to-date, maintenance-free home featured two finished bedrooms and a full bath on the main level, plus a two-stall attached garage. The basement was ready-to-finish for two additional bedrooms and a full bath, equaling more than 1,900 square feet of living space when finished.
Buying Local
When impassioned community members came together in 2016 to form a food co-op, MMCDC responded with technical assistance, flexible financing and referrals.
Eagles Healing Nest
Aaron Starrett was 18 years old in 2009 when he left his hometown of Austin, Texas, for four years in the Air Force. He served as a munitions specialist in Korea and Germany, helping prepare aircraft with heavy explosives before leaving the military in 2014.
CDFIs with Branches in the District
Initiative Foundation
Mid Minnesota Federal Credit Union
Mid Minnesota Federal Credit Union
Mid Minnesota Federal Credit Union
Mid Minnesota Federal Credit Union
Mid Minnesota Federal Credit Union
Mid Minnesota Federal Credit Union
Mid Minnesota Federal Credit Union
Midwest Minnesota CDC

Map of CDFI Branches and Stories in

Minnesota Fact Sheet