As a CDFI Lender, we are able to help small businesses, and underserved areas survive. Without this help, many of these businesses would not be able to continue to exist.
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.
As a CDFI Lender, we are able to help small businesses, and underserved areas survive. Without this help, many of these businesses would not be able to continue to exist.
In Syracuse’s depressed economy, CDFIs have been a lifeline for aiding some of the most financially challenged residents and businesses. My credit union has leveraged CDFI funds to lift many households out of poverty, and we need this to continue.
CDFIs fill an important financing gap to help meet the needs of Americans including housing development, community improvements, nonprofit and health infrastructure, and small business. The CDFI Fund is a critical investment in America’s future.
As a founding board member (1982) and original board member of this community development credit union, I urge you to continue funding CDFIs that have a vital role in our community with its current housing crisis.