community development financial institutions (CDFIs)

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Community development financial institutions (CDFIs) are specialized financial organizations that provide responsible, affordable lending and financial services to underserved communities to promote economic development and financial inclusion.

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Predicate Object
instanceOf financial institution type
abbreviation CDFI
characterizedBy flexible underwriting standards
focus on social impact
mission-driven lending
technical assistance to borrowers
contributesTo affordable housing development
community wealth building
job creation in underserved areas
neighborhood revitalization
small business development
countryOfOrigin United States of America
surface form: United States
distinguishedFrom traditional commercial bank
eligibleFor CDFI Fund financial assistance awards
CDFI Fund technical assistance awards
fundingSource bank investments
deposits from individuals and institutions
federal government grants
impact investors
program-related investments from foundations
hasPurpose expand financial inclusion
promote economic development in underserved communities
provide financial services to underserved populations
provide responsible and affordable lending
hasType community development bank
community development credit union
community development loan fund
community development venture capital fund
microenterprise development loan fund
legalBasis Riegle Community Development and Regulatory Improvement Act of 1994
operatesIn low-income communities
rural communities
urban distressed communities
overseenBy CDFI Program
surface form: CDFI Fund
providesService affordable housing finance
checking and savings accounts
community facilities financing
consumer loans
development services
financial counseling
financial education
microloans
small business loans
regulatedBy U.S. Department of the Treasury NERFINISHED
targetsPopulation economically distressed communities
low-income individuals
minority communities
nonprofit organizations serving low-income communities
small businesses in underserved areas

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Federal Home Loan Bank of Atlanta hasMemberOf community development financial institutions (CDFIs)