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.
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”
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.