Spitzer Signs CDFI Law

New York Governor Eliot Spitzer in July signed into law authorization to create the nation’s first State Community Development Financial Institutions (CDFI) program. The as-yet unfunded program is designed to supplement the federal CDFI program and assist community-development credit unions and other alternative financial service providers in offering loans and other financial services to people and businesses in low- and moderate-income communities.

Shelterforce is the only independent, non-academic publication covering the worlds of community development, affordable housing, and neighborhood stabilization.


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