CDFIs are absolutely critical to provide funds for residential and business loans which grow our economy.
CDFIs are absolutely critical to provide funds for residential and business loans which grow our economy.
CDFIs are most proximate to communities needs and provide responsible, flexible capital solutions that support new business starts, job creation / retention, financial acumen building and skills development, and delivery of critical goods and services to opportunity rich communities.
The CDFI Fund helps us at Cooperative Federal provide programs for home ownership, small business, consumer credit and financial education for our community, which helps to strengthen the local economy through giving the public access to said services. During a time of high inflation and economic unease, it is more crucial than ever that we continue to be enabled to provide this aid. While I work for Cooperative Federal itself, I have also been a member for several years prior and their free financial education helped me directly to improve my financial situation. Without these programs, people who are already struggling and often cannot afford out of pocket financial education/counseling have nowhere to turn. If we as a country want to achieve greatness, we need to be serving the American people, not stripping them of their ability to raise themselves up!