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A lack of access to capital, capacity-building resources, and technical assistance significantly constrains the ability of CDFIs led by people of color to achieve greater impact.
The Payroll Protection Program is an expansion of a program for banks and credit unions. It offers virtually nothing to nonprofit small-business lenders.
In 2022, a government task force released an action plan about combating bias in the appraisal industry. How can CDFIs fight back against the damage caused by under-appraisals?
Community development financial institutions lend to micro- and small-business owners, but the jobs those businesses create are often minimum wage, part time, or otherwise low quality. What makes a job a good job, and what are CDFIs doing to help small-business borrowers create good jobs?
Three weeks ago I went to Philadelphia to attend the annual conference of the Opportunity Finance Network, the trade association for CDFIs, or community...
We are definitely in some danger of losing a connection to the animating social movements that gave rise to the industry.
After the housing crash, Chicago’s 1- to 4-unit rentals weren’t bouncing back in many neighborhoods. Three CDFIs came together to make it happen.
This book is a major contribution to increasing knowledge and awareness of how far the community development finance movement has come in 30 years.
Last year, I wrote about the teeming conference of the Opportunity Finance Network, the trade group for community development financial institutions, with a little bit of awe at how different it was from the rest of the community development world in its growth and optimism, worrying about mission creep rather than survival. This year the […]
When more than 500 hundred people met for the Community Development Financial Institution (CDFI) Training Institute in Durham, NC, in late January, 1994, participants...
Each year, the Martin Luther King, Jr. holiday prompts people to reflect on Dr. King’s life and legacy. By achieving passage of civil rights and voting rights legislation, the actions of King and others compelled a sharp decline in the blatant discrimination and wanton violence that had permeated the nation for generations. However, today, five […]
Underinvested communities are at a disadvantage when it comes to attracting and deploying funding. The Center for Community Investment is helping to change that.