Community Development Banking

Community Development Banking refers to financial institutions that focus on providing banking services and loans to underserved communities, such as low-income neighborhoods. These banks aim to promote economic development by offering affordable credit, financial education, and investment opportunities. They help individuals and small businesses access funds that may be otherwise unavailable from traditional banks, fostering growth and stability in these areas. By prioritizing social impact alongside financial return, community development banks contribute to creating equitable economic opportunities and improving the overall quality of life for residents in their target communities.