CDFIs have been essential vehicles for moving investment capital into communities that otherwise cannot access capital. We provide important technical assistance and financial support to grow businesses, finance projects, and revitalize communities thanks to investments from the CDFI Fund, which we then leverage with other private capital.
I have consistently heard positive news and success stories about CDFIs in Idaho and across the country, and their responsiveness to the small business community.
CDFIs drive local economic growth by financing small businesses, creating jobs, and expanding affordable housing. They support rural and tribal communities, fund critical services like childcare and health clinics, and have invested $298 billion in underserved areas since 2010.