Community Development Financial Institutions (CDFIs)

Community Reinvestment Fund

Minneapolis-based Community Reinvestment Fund works to raise capital on behalf of community development lenders through the secondary market for loans. Started in 1989, the group has injected hundreds of millions of dollars into low-income and economically disadvantaged communities across the country to help stimulate job creation and economic development, provide affordable housing, and construct community facilities.  Its work is credited with creating or retaining 73,000 jobs, developing 19,000 units of affordable housing, and directly benefiting 1.7 million people.

African Development Center

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.

Latino Economic Development Center

Based in Minneapolis, the Latino Economic Development Center is a statewide membership organization working to create economic opportunities for Latinos.  The CDFI provides a range of trainings and classes for entrepreneurs aiming to start, expand, or improve a business.  It also has several loan programs, including a cooperative loan fund that provides loans up to $25,000 for those aiming to start or expand a cooperative enterprise.

BAC Funding Corporation & Affiliates

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...

Hope Credit Union

Started in 1995 as a small church project, Hope Community Development Credit Union helps low and moderate-income people build solid financial foundations. They advocate equal access to economic opportunity, and have Socially Responsible Investing. They have generated over $1 billion in financing for entrepreneurs, homebuyers and community development projects since they began. Read more about Hope Credit Union...

Los Angeles Neighborhood Housing Services

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...

Los Angeles Local Development Corporation

Trying to encourage additional private investment and stimulate job creation and retention, the Los Angeles Local Development Corporation is a non-profit that provides loans and capital to small and medium-sized businesses in distressed neighborhoods throughout the greater Los Angeles region. Since its founding in 1980, the group has worked closely with the Mayor’s Office, facilitating or funding over $200 million of financing for businesses and real estate development projects in the city. Read more about Los Angeles Local Development Corporation...


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...

Kansas City Equity Fund

The Kansas City Equity Fund (KCEF) was established in 2006 and has helped raise capital annually from financial institutions and corporations interested in investing in affordable and historic housing in Kansas City. In 2007, the Fund made its first investment to rehabilitate 75 units of affordable housing in Westside Apartments. With investments totaling nearly $11 million, and an investor base of 12 financial institutions, KCEF has invested in three properties in Kansas City to date. Read more about Kansas City Equity Fund...

Central Bank of Kansas City

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...

Southeast Texas Finance Corporation

Created as public nonprofit corporation for the purpose of issuing revenue notes and bonds for multifamily rental residential developments for low and moderate income individuals, the Southeast Texas Housing Finance Corporation (SETH) also provides financial assistance to first time, low to moderate income homeowners. SETH offers several different low-interest mortgage loan programs and grant assistance for down payment and closing costs. Most of the funding for these initiatives come from the counties and cities located in southeast Texas.

Latino Community Credit Union

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.

Invest Detroit

Invest Detroit is a CDFI established to support economic and community development in Detroit’s underserved communities.  Managing funds totaling $225 million, it finances and supports business development, real estate development, neighborhood retail projects, and high-tech companies.  One recent investment supported the development of Gateway Marketplace, a project that transformed a 36-acre brownfield site in a food desert into a retail center anchored by a national grocery—the first to open in Detroit in over 20 years.

Native American Bank

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.

Mile High Community Loan Fund

Founded in 1999 as a community-based, nonprofit organization providing early-stage capital for entities developing affordable housing, Mile High Community Loan Fund is now an $18 million fund that helps finance: the development or preservation of affordable housing; the development, redevelopment or renovation of commercial real estate; and the purchase, rehabilitation and/or construction of facility space by nonprofits serving low-income populations.  As of the end of 2015, the fund had approved 155 loans totaling more than $59 million, which helped finance more than 6,700 units of affordable housing and more than 385,000 square feet of nonprofit facility space.

The Economic and Community Development Institute

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...

Affordable Housing Trust for Columbus & Franklin County

The Housing Trust is an independent non-profit lender for affordable new homes and apartment development, including the rehabilitation of abandoned residential buildings. The Housing Trust has committed over $22 million since its founding in 2001, translating into 2,743 homes serving 4000 residents in Columbus. The Housing Trust has provided over $500,000 in loans to Community Development for All People for their South side housing projects in Columbus. Read more about Affordable Housing Trust for Columbus & Franklin County...

Columbus Housing Partnership

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...

Woodstock Institute

Founded in 1973, this Chicago-based research institute promotes community reinvestment and economic development in lower-income and minority communities. It has also served as an important advocacy group, specifically on the issue of enforcing the Community Reinvestment Act provisions that oblige banks to invest in their communities.