CNote | What is a CDFI? – Community Development Financial Institutions Explained
CNote | What is a CDFI? – Community Development Financia…
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Michigan Community Development Financial Institution Fund Program | Michigan Business
Michigan Community Development Financial Institution Fund Progra…
Oct 26, 2022
michiganbusiness.org
CDFI LENDERS offer funding to individuals, businesses and nonprofits that may not qualify for traditional bank financing due to credit challenges, lack of collateral, or geographic location. CDFI’s fund the development and rehabilitation of affordable housing for low and moderate income, individuals and families. This is a game changer and a great way for new investors to obtain capital because they prioritize community development, helping those overlooked by banks succeed by offering financing
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