The U.S. Treasury Community Development Financial Institution (CDFI) Fund was created to help CDFIs promote economic revitalization throughout the United States. CDFIs are designed to expand access to capital in underserved communities and the CDFI Fund provides financial assistance and support to t … Read more

It is no secret that the struggle to preserve affordable housing and increase economic growth is more challenging than ever. Subsidies are growing smaller and building costs are increasing, making affordable housing more difficult to develop. However, a federal program known as the Community Develop … Read more

Oftentimes, small businesses and entrepreneurs seeking to start businesses require capital to do so but do not have the track record necessary to be eligible for loans from traditional sources. Additionally, they may not have the size or scale to justify their lending needs. However, the ability of … Read more

Previous blog posts have discussed the role of Community Development Financial Institutions (CDFIs) in North Carolina. CDFIs are typically smaller financial institutions that engage in mission-drive lending intended to expand access to capital in low-wealth and underserved communities in order to fo … Read more

This post is part of our series on North Carolina CDFIs. CDFIs are financial institutions that expand access to capital in low-wealth and underserved communities in order to foster economic development and revitalization. See previous posts in the series: an overview of the role of CDFIs in North Ca … Read more

A previous blog post discussed the role of Community Development Financial Institutions, or CDFIs, in North Carolina. CDFIs are typically smaller financial institutions that engage in mission-driven lending intended to expand access to capital in low-wealth and underserved communities in order to fo … Read more

The main purpose of Community Development Financial Institutions (CDFIs) is to expand access to capital in low-wealth and underserved communities in order to foster economic development and revitalization. Many of these communities have been left out of the financial mainstream, unable to access fin … Read more