Wisconsin CDFIs Lending Strengthens Communities


Wisconsin CDFIs Lending Strengthens Communities


Wisconsin’s Community Development Financial Institutions (CDFIs) gathered in Madison on Tuesday, April 16 for the third Annual CDFI Day at the Capitol.  Certified by the US Department of the Treasury, these 22 organizations are charged with lending in under-served markets, and as such bring value to the areas they serve.  Loan products can include business financing, home ownership and home rehabilitation, consumer financing (auto, credit builder) as well as community economic development financing for the development of affordable housing and community facilities.  CDFIs often partner with conventional lenders.  From 2005 to 2017, these organization have lent over $2 billion, often to low- to moderate income households, people who face barriers to financing and to people of color, as well as to nonprofit organizations and affordable housing developers....
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Ken Notes: I promise that public private partnerships like CDFI`s are the solution to many of our problems. This program is one being considered for elimination in the federal budget... Because it works???

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- - Volume: 7 - WEEK: 16 Date: 4/18/2019 8:09:33 AM -