What Are Community Development Financial Institutions (CDFIs)?
I have just moved from the city into the countryside, in a different neighborhood. I noticed that my local bank is a CDFI. I’ve never seen that before, so I did some research to find out more about the CDFI designation. I want to share with you what I found.Community Development Financial Institutions (CDFIs) are specialized institutions that are certified by the U.S. Treasury’sTreasury’s CDFI Fund. They can be banks, credit unions, venture capital firms, and loan funds.
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