Journal Article

CDFIs: Intermediaries for Financing to Low-Income Communities

Abstract: In communities across America, community development financial institutions (CDFIs) successfully connect the ?last mile? of the financial credit chain. Just as local cell phone towers across the country connect cellular networks to local users, CDFIs connect larger and remote sources of capital to local communities. CDFIs act as intermediaries of capital to advance their missions, proving that responsible investing can build incomes, assets, and wealth in low-income communities. Increasingly, CDFIs also intermediate market data and other information necessary for successful investments in the unique places they are founded to serve.

Keywords: CDFI; low-income; community development;

Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Cascade

Publication Date: 2013-10

Volume: 2

Order Number: 83