February 4, 2025

How Can We Spur Transformational Community Development?

How Can We Spur Transformational Community Development?

February 4, 2025

Today, CDFIs are creating positive economic development in overlooked areas and delivering competitive returns. CDFIs expand economic opportunities to spur transformational change for communities and businesses. Classifying them as federally regulated private financial institutions and establishing the CDFI Fund in 1994, strengthened their efficacy and impact.

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How Can We Spur Transformational Community Development?
Paterson, NJ Habitat for Humanity - A $5.2 million New Markets Tax Credit allocation for the construction of 12-14 single-family homes, part of a larger neighborhood plan to preserve affordable homeownership opportunities.

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