Fact Sheet Expanding Community Development Financial Institutions
Growing Capacity across the US
Brett Theodos, Eric Hangen
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Community development financial institutions (CDFIs) provide capital to strengthen communities that are experiencing economic distress or are underserved by mainstream lenders. We find that CDFIs lent more than $34.3 billion between 2011 and 2015, roughly $6.8 billion a year. Sixty-four percent of CDFI lending went to census tracts with one or more indicators of being underserved or distressed. But CDFI activity was not distributed equally across the country, even among economically comparable places. To expand its reach into underserved communities where it has yet to establish a strong presence, the CDFI industry needs further supports.

Research Areas Nonprofits and philanthropy Neighborhoods, cities, and metros Housing
Tags Capital flows Community and economic development Community development finance and CDFIs
Policy Centers Metropolitan Housing and Communities Policy Center