President’s Budget Stories and Data

CDVCA Invests in Goodwrx
ECLF Uses Capital Magnet Award to Support Rural Housing
Rebuilding Care and Opportunity in Appalachian Kentucky
Eden Housing & Housing Trust

Testimonials

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!

-Drew Tessier, Cooperative Federal, Syracuse, NY

The Community Development Financial Institutions Fund (CDFI Fund) plays a vital role in building a strong economy! CDFIs are one of the country’s most effective examples of public-private partnership. They attract private capital to help families buy homes, schools and health centers expand, small businesses grow, and communities thrive – especially in places traditional investors don’t reach on their own. CDFIs are important partners in deploying tax credit programs, such as New Markets Tax Credits, which incentivize investments while reducing taxpayer burden. Some of America’s greatest achievements – from the moon landing (and even modern space exploration) to the birth of Silicon Valley – happened because government had the vision to catalyze private innovation and investment. CDFIs operate in that same spirit.   Every day we see how smart, targeted investments unlock opportunity and drive prosperity that benefits everyone. CDFIs are effective because they fuel American ingenuity in the places it exists, which is everywhere!

-Annie Donovan, Raza Development Fund, Phoenix, AZ

CDFIs make our urban and rural economies healthy working alongside financial institutions and providing that responsible capital!

-Wendy K. Baumann, WWBIC, Mequon, WI