Community Development Finance Institutions

Community Development Finance Institutions (CDFIs) are specialized financial organizations that focus on providing capital and financial services to underserved communities, including low-income neighborhoods and small businesses. They aim to promote economic growth, job creation, and improved community well-being by offering loans, investments, and financial education where traditional banks might be hesitant to lend. CDFIs often work closely with local residents, nonprofits, and government agencies to address economic disparities and support community development projects, making financial resources more accessible and fostering sustainable local growth.