CDFIs

Blaming community development corporations (CDCs) for the high cost of affordable housing construction is not only misguided, but it ignores the work of CDCs and nonprofits that are leading efforts to reduce costs in the key areas of financing, construction, and land costs.

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.

It is often said that you get what you pay for. Clearly, too little is being paid to create positive change in America’s most vulnerable places.

Some CDFIs approve loans based on a person’s character instead of their credit score. But they only recommend
doing so when you know the applicant.

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.

We are definitely in some danger of losing a connection to the animating social movements that gave rise to the industry.

It should be a natural fit; what’s in the way?

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 […]