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Does the CDFI Fund Help Low-Income Borrowers?

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  • Kristle Romero Cortes

Abstract

The Treasury Department's CDFI Fund awards grants to community development financial institutions (CDFIs) that operate in low-income areas. Awards are intended to strengthen the institutions and increase the amount they lend to borrowers in those areas. This analysis of proprietary data from the US Treasury shows that when CDFIs receive grant money, they put it to use as additional loans in impoverished and economically weak areas.

Suggested Citation

  • Kristle Romero Cortes, 2014. "Does the CDFI Fund Help Low-Income Borrowers?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Jul.
    • Handle: RePEc:fip:fedcec:00016
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