Community Development Financial Institutions (CDFIs)

African Development Center (ADC) seeks to grow businesses, build wealth, and increase reinvestment in Minnesota’s African communities.  To do so, the CDFI provides microloans to small businesses and culturally competent workshops and consultations on financial literacy, business development, and home ownership.  Since 2004, ADC has trained more than 1,500 people and has lent more than $6 million to small businesses and entrepreneurs, leveraging more than $12 million in small business investment and creating or retaining over 1,000 jobs.

BAC (originally known as the Business Assistance Center) extends commercial credit to Black owned businesses through revolving credit lines and joint venture agreements. Since its establishment in 1982 to encourage reinvestment in Miami's “Liberty City” neighborhood, BAC has disbursed nearly $50 million in loans or equity funds, making over 500 investments, of which 40 percent have been in Enterprise Zones. BAC has also helped build wealth in South Florida's Black community by developing and managing the $33.5 million MLK Transit Station Development Complex. Read more about BAC Funding Corporation & Affiliates...

Founded in 1984, Los Angeles Neighborhood Housing Services is both a community developer and lender, serving nearly 2.5 million families, developing and rehabilitating over 13,000 housing and commercial units, establishing 175 block clubs, educating and counseling over 87,000 homebuyers and families, and investing more than $2.43 billion back into some of Los Angeles’ most depressed neighborhoods. The group has experienced no foreclosures in the 20-year history of its Revolving Loan Fund Portfolio and maintains less than a 3-percent delinquency rate. Read more about Los Angeles Neighborhood Housing Services...

KCMO CDE is a non-profit public benefit corporation founded in 2010 that provides services and investment capital to low-income communities through the New Markets Tax Credit (NMTC) program. KCMO CDE's Synergy Services program helps individuals and families with immediate respite from violence. In 2011, the Synergy Services hired 23 new staff members to raise $9 million in a campaign to build a new Homeless Youth Campus to shelter 600 homeless youth and help 1,500 young people through their Youth Resiliency Center. Read more about KCMO CDE...

The Central Bank of Kansas City was chartered in 1950 as a state banking corporation, and has been minority family-owned since the 1960s. The Central Bank is recognized as a CDFI due to its investments in distressed communities and its sponsorship of financial education events such as Money Smart Month which attracted 6,200 attendees in 2011. In 2000, the Central Bank provided over $4 million to distressed communities in Kansas City. The Central Bank had total assets of $115 million in 2003, while providing over $1 million in financial support to other local certified CDFIs. Read more about Central Bank of Kansas City...

Founded in 2000 as a grassroots response to a wave of robberies and muggings targeting Durham’s Latino immigrants, Latino Community Credit Union (LCCU) aims to serve as a safe place for Latinos to save money, access credit, and build wealth.  The credit union has 75,000 members, 65 percent of whom were previously unbanked, and has $277 million in assets.  To enable deposits to serve as community assets, LCCU offers CDs that provide members with a way to earn interest while providing capital that can be used to help area residents purchase a first home or afford higher education.  The credit union also partners with the Latino Community Development Center to provide free financial literacy workshops in branches across North Carolina.

Native American Bank was founded in 2001 by a group of Tribal Nations and Alaska Native Corporations. Based in Denver, the Bank provides affordable and flexible banking and financial services to Native American and Alaskan Native individuals, enterprises, and governments as a way to foster economic independence, development and sustainability. The only national American Indian owned community development bank in the country, as of 2015 it had more than $77 million in assets.

The Economic and Community Development Institute (ECDI), a CDFI microlender for Franklin County and the City of Columbus, formed in 1998 to provide financial assistance to individuals through training programs and loans to entrepreneurs. Since its founding, ECDI has been supported by over $25 million from various funds. ECDI has also helped create over 2,000 businesses and 4,000 jobs. Since 2004, ECDI has loaned more than $9 million to over 600 entrepreneurs in Columbus. Read more about The Economic and Community Development Institute...

The Columbus Housing Partnership is a private non-profit that provides affordable housing and services to low- and moderate-income families in Columbus. CHP has developed 4,000 homes, serving 23,000 people. Read more about Columbus Housing Partnership...