The vision of the Community Development Financial Institutions Fund (the CDFI Fund) is an America in which all people and communities have access to the investment capital and financial services they need to prosper.
The CDFI Fund's mission is to expand economic opportunity for underserved people and communities by supporting the growth and capacity of a national network of community development lenders, investors, and financial service providers.
The CDFI Fund was created for the purpose of promoting economic revitalization and community development through investment in and assistance to Community Development Financial Institutions (CDFIs). The CDFI Fund was established by the Riegle Community Development and Regulatory Improvement Act of 1994, as a bipartisan initiative.
through its Community Development Financial Institutions Program by directly investing in, supporting and training CDFIs that provide loans, investments, financial services and technical assistance to underserved populations and communities;
through its New Markets Tax Credit Program by providing an allocation of tax credits to Community Development Entities which enable them to attract investment from the private-sector and reinvest these amounts in low-income communities;
through its Bank Enterprise Award Program by providing an incentive to banks to invest in their communities and in other CDFIs;
through its Native Initiatives, by taking action to provide financial assistance, technical assistance, and training to Native CDFIs and other Native entities proposing to become or create Native CDFIs;
through its CDFI Bond Guarantee Program by issuing bonds to support CDFIs that make investments for eligible community or economic development purposes; and
through its Capital Magnet Fund, which offers competitively awarded grants to finance affordable housing solutions for low-income people and low-income communities nationwide.
Are you an individual seeking a loan, perhaps to renovate your home or start a small business, or a small business searching for funding?
The CDFI Fund does provide financing to CDFIs throughout the country that, in turn, provide financing to individuals like yourself.
Whether you are a resident hoping to purchase a first home, an entrepreneur working to open a local store, or an existing business owner looking to expand an enterprise, we believe that every person deserves access to the necessary resources, and we can help point you in the right direction.
We encourage you to use the tools below to find a local CDFI that may offer funding to meet your individual needs.