Community Development Financial Institutions Fund - aVenture Government Agency Research
Community Development Financial Institutions Fund
Operating Status: Operating
CDFI Fund, a US Treasury-owned corporation, promotes economic revitalization by aiding financial institutions in distressed communities.
Founded
1994
Location
Washington, D.C., DC, US
The Community Development Financial Institutions Fund (CDFI Fund) is a government corporation owned by the U.S. Department of Treasury that promotes economic revitalization in distressed communities across the United States. It provides financial assistance and resources to community development financial institutions (CDFIs), which may include banks, credit unions, and other financial entities. The CDFI Fund typically offers grants and investments to support these organizations.
The CDFI Fund's portfolio includes a diverse range of financial institutions and community development organizations. Notable recipients include Clearinghouse Community Development Financial Institution, Rural Development Partners, and various regional banks and credit unions. The fund's investment philosophy focuses on generating economic growth and opportunity in underserved areas by leveraging federal dollars alongside private sector capital to support mission-driven financial institutions.
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