State and Local Policy: A Critical Concern for CDFIs

Brief

State and Local Policy: A Critical Concern for CDFIs

Abstract

Community Development Financial Institutions (CDFIs) are financial institutions with a mission of serving low- and moderate-income people and communities. CDFIs are increasingly involved in state and local policy and programs in addition to more traditional federal policy work. This brief discusses the types of state and local policy issues that CDFIs interact with and how well-designed policies can further CDFI impacts. The brief introduces the types state and local policy that are important for CDFIs, provides some concrete examples, and concludes with a discussion of strategies and techniques for successful engagement.

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