What is a CDFI?

The Treasury Department discusses these institutions as: “sharing a common goal of expanding economic opportunity in low-income communities by providing access to financial products and services for local residents and businesses.  CDFIs can be banks, credit unions, loan funds, microloan funds, or venture capital providers. CDFIs are helping families finance their first homes, supporting community residents starting businesses, and investing in local health centers, schools, or community centers. CDFIs strive to foster economic opportunity and revitalize neighborhoods.”

AEDC has been a designated CDFI for more than 30 years and is proud to work within this program bringing opportunity to distressed communities

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