Post authored by Linda Davenport. On September 21, The Community Development Financial Institutions (CDFI) Fund announced its award of $91.5 million in Capital Magnet Fund grants to 32 organizations for the development of affordable housing and other community service facilities. A total of 23 CDFIs and 9 nonprofit housing organizations were given awards. Of the 23 CDFI awardees, 12 are members of the CDFI Coalition. CDFIS […]
By James R. Klein, CDFI Coalition Chair “Not knowing when the dawn will come I open every door.” ― Emily Dickinson Dickinson’s quote points out a fairly well known principle that is oft forgotten, or at least overlooked. We miss a lot of good things by not attempting to do them. As Chair of the CDFI Coalition Board, I’ve taken this little life lesson to […]
The EPA is holding a workshop on its Urban Waters Small Grants Program, which may be of interest to CDFIs interested in helping underserved communities improve their urban waters in ways that create a community and economic benefit. Eligible applicants include States, local governments, Indian Tribes, public and private universities and colleges, public or private nonprofit institutions/organizations, intertribal consortia, and interstate agencies. The event will […]
For over 20 years, CDFIs have been making financial services accessible to underserved communities and populations across the country. Among their many achievements, CDFIs have financed improved access to affordable housing, critical community facilities, and schools. They have financed small and growing businesses. Through their efforts, millions of dollars have been leveraged for investment in communities often left out of the economic mainstream, creating jobs and opportunities. Below are some of their stories.