Before diving into how to become a CDFI, it’s essential to understand what a CDFI is. The U.S. Department of the Treasury defines a Community Development Financial Institution (CDFI) as a specialized financial institution that provides affordable financial services to low-income, low-wealth, and other underserved communities. These services include lending for small businesses, affordable housing, …
CDFI Grant Application 2023 (Community Development Financial Institutions) Grant Application typically refers to the process by which community-based financial institutions in the U.S. apply for financial assistance from the CDFI Fund. This fund, which operates under the U.S. Department of the Treasury, aims to promote economic revitalization and community development in low-income communities across the …
