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.
CDFIs are critical to driving real estate development in underserved communities and during challenging economic times. We have developed more than $100 M in projects using CDFI financing and it is a critical component to the capital stack, as well as important for delivering transformative projects to communities across the country.
The AZ CDFI Network supports CDFIs because they are essential drivers of economic growth and stability across Arizona. In both rural and urban areas, CDFIs provide critical access to capital, credit, and financial services for small businesses, affordable housing developments, and community facilities. As a statewide coalition of community-focused lenders, we see firsthand how CDFIs strengthen local economies, support entrepreneurs, and create jobs. Continued investment in the CDFI Fund ensures that communities across Arizona have the resources they need to grow and prosper.
Native CDFIs are important to fixing the housing crisis in Indian Country. They are a way for Tribes to attract capital that leave Tribal members in control.
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.