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JonTheAccountant retweeted
By connecting private capital to serve community needs, Community Development Financial Institutions (CDFIs) are indispensable to a financial system that works for every community. Here’s how they work:
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#CDFIs target underserved communities that lack adequate access to credit. But do they lend in the right places and at sufficient levels that benefit the whole community? Find out in today's episode of Speaking of the Economy, the Richmond Fed's podcast: bit.ly/4xm1zvU.
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Four years. $100M deployed. 1,350 Veteran and Military-Spouse entrepreneurs funded. 7,500 jobs supported. The Veteran Loan Fund, a coalition of CDFIs including many OFN members, is proof that capital, coaching, and local expertise is a model that works. #SBFF13
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Thanks to Baroness Kramer and other peers who spoke during Financial Services Bill debate to explain why we need to grow #CreditUnions and #CDFIs if we want a financial system that works for everyone New blog here: tinyurl.com/mrx7ejeu @FBfACampaign #FairBankingForAll
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Replying to @RichFedResearch
CDFIs exist to expand credit in underserved communities, but the real question is whether they lend in the right places and at levels that create neighborhood spillovers and financial depth. The Richmond Fed’s latest episode looks exactly at that.
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#CDFIs target underserved communities that lack adequate access to credit. But do they lend in the right places and at levels that generate positive neighborhood spillovers & financial deepening? Find out in today's episode of the Richmond Fed's podcast: bit.ly/4xm1zvU.
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.@RussVought is right: the CDFI has become another woke and weaponized political weapon of the left and deserves to be scrutinized. We dug into the how the CDFI ecosystem is taxpayer funded ideological activism early last year. Here’s what we found: - CDFIs directed $1.73B to a more "equitable" economy and targeted funding based on racial outcomes - Promoted "racial justice" and ending a so-called "white monopoly on capital" - Supported LGBTQ clinics, trans healthcare, pride initiatives, and transgender housing - Committed millions to climate activism and "climate resiliency" programs - Advocated asset-building opportunities for illegal immigrant families Here’s the problem: this isn’t community development. This is woke activism being funded by everyday Americans. americarenewing.com/issues/p…
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Replying to @RepBellmon
Hi Rep. Bellmon - excited for the energy here! We are a fintech looking to empower CDFIs and community lenders better serve their communities with contemporary tools. Let us know how tech providers could best help here :)
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Thank you to all who joined us for the Opening Reception of #2026CDBAPeerForum! A special thank you to @RepKimSchrier, @RepFrankLucas, @RepCuellar, @RepMichaelGuest, @RepMcClintock, and @SenHydeSmith for discussing the importance of #CDFIs and how they impact your communities.
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I was pleased to join the @CDBankers Congressional Reception and speak with leaders from community development banks and Community Development Financial Institutions (CDFIs) from across the country. In South Texas, I have seen firsthand how access to capital can help a small business expand, support affordable housing projects, and create new opportunities for families and communities. CDFIs play an important role in reaching underserved areas and providing financing where it is often needed most. As a senior member of the House Appropriations Committee, I remain committed to supporting programs that help communities access the resources they need to grow and prosper. I will also continue working to ensure federal funding reaches the local organizations and communities it was intended to serve. Thank you to Jeannine Jacokes, Joe Quiroga, and the Community Development Bankers Association for the invitation and for your continued work expanding economic opportunity in South Texas and across the country.
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On June 2, @NYC_SBS and @QueensChamber will be hosting an event for small business owners to learn about CDFIs as financing options. We'll be there, along with reps from Renaissance, @BOCNetwork and The Working World. RSVP here: eventbrite.com/e/meet-the-le…
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Replying to @AscendedYield
Unfortunately banks withdraw so high cost lenders like funding circle jump in (which has a negative chance on business chances of surviving), if anyone reading this needs finance for their business look into CDFIs - from being around the space they are a massive help
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Exceptions exist! Government programs (e.g., FHA loans, SBA microloans), credit unions, CDFIs, or non-QM lenders sometimes serve higher-risk borrowers. That’s why FHA is so powerful when you’re just getting started
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I’m a small developer. If you ~actually~ care about this issue then you should care about: -Legalizing single stair buildings. -Elevator reform. -Building code reforms so small buildings aren’t treated identically in process and requirements to massive 200 unit ones. -Finance reforms to improve capitals access for smaller projects, including the expansion of community banks and CDFIs.
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The next niche code reform around housing, urban affordability, etc needs to be the creation of a Middle Building Code. Some starting thoughts: -12 unit buildings should not be treated the same as 120 unit ones. -loading small buildings with the same requirements as large has destroyed the ability to build family-friendly urban infill. -the costs and timelines of doing so has driven local small development nearly extinct, encouraging institutional, generic, BIG development. code has killed localism. -this is a crucial first step towards addressing other obstacles for owner-occupied urban housing related to finance, condo liability laws, etc.
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.@MalloryMcMorrow: We need to keep investing in CDFIs that help Black-owned small businesses grow and thrive.
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Today in Parliament, I highlighted @NIESRorg research showing the UK economy could grow by 3.5% with stronger mutual & community banking. Millions are locked out of affordable credit. Expanding credit unions & CDFIs could change that. @FBfACampaign @CoopParty @resp_finance
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It’s Small Business Week. For more than 60 years, this week has honored the entrepreneurs who keep America's Main Streets alive. For thousands of them, the path to capital runs through a CDFI. OFN members finance startups, back Main Street businesses, and deploy capital where it counts. That's economic infrastructure. This week, follow along as we share stories from entrepreneurs who built something—and the OFN member CDFIs that helped make it possible. Learn more: ofn.org/what-is-a-cdfi/key-p… #SmallBusinessWeek #CDFI
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Treasury launches review of certified CDFIs, including Native lenders, to assess compliance with federal law and program rules, @TribalBiz reports. Move follows April policy changes tied to eligibility and oversight. Read: bit.ly/48Gh738
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Join us tomorrow, April 30, at 11:45 AM ET for a virtual briefing on new national research from @prosperitynow exploring how CDFIs & MDIs are thinking about digital assets. Explore the opportunities, constraints & what it takes to get ready. Register here: us02web.zoom.us/webinar/regi…
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Hoje temos um encontro imperdível para quem acompanha o mercado cripto e oportunidades em ativos do mundo real 👇 Participe do “SMALL CRYPTO”, uma mesa redonda virtual focada em explorar liquidez em mercados secundários para pequenas e médias empresas (SMEs), além de instituições financeiras como CDFIs e MDIs. 🎙️Com participação de: Salman Banaei - @banamlas (@plumenetwork) Cleve Mesidor - @cmesi (@TheBlockFound) Arushi Sood Joshi (@zult_io) 💡 Uma ótima oportunidade para entender como o setor está evoluindo e quais caminhos estão sendo construídos para ampliar acesso e liquidez no mercado.
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