CDFIs are filling the deep credit gap encountered in many communities providing financing to small businesses, affordable housing, and community facilities, creating jobs and business opportunities and promoting revitalization.
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 filling the deep credit gap encountered in many communities providing financing to small businesses, affordable housing, and community facilities, creating jobs and business opportunities and promoting revitalization.
It has been proven over the decades that the CDFI industry has been mega critical to the flow of capital in this country, specifically in disinvested communities. By appropriating at least $354M for the CDFI Fund, this directly supports the deployment and capacity building of not only CDFIs but the millions of small businesses that hire and create jobs, erect infrastructure, rebuild neighborhood corridors, and partner across industries for improved quality of life. If we are serious about reducing the wealth gap for increased positive impacts, supporting CDFIs is extremely important.
We chose a mobile home because of the convenience and ease of one-floor living. The result of our move is that we now have a place that meets our physical and social needs as we age… Working with Capital for Change [CDFI] was quite the experience! What an excellent program that makes housing affordable to all!
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.