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Understanding Community Development Financial Institutions and their Impact in Low- and Moderate-Income Neighborhoods

Author

Listed:
  • Ian Galloway
  • Rocio Sanchez-Moyano

Abstract

Community Development Financial Institutions (CDFIs) are mission-driven lenders that create economic opportunity for low-income communities and individuals throughout the United States. The history of CDFIs dates back to the 1970s. There are currently over 1,100 operating as banks, credit unions, nonprofit loan funds, and venture capital funds. CDFI financing leads to the creation of jobs, affordable housing, community facilities and more. This issue of the Community Development Innovation Review is a collection of research papers designed to expand our understanding of CDFIs and their impacts in vulnerable communities across the country.

Suggested Citation

  • Ian Galloway & Rocio Sanchez-Moyano, 2021. "Understanding Community Development Financial Institutions and their Impact in Low- and Moderate-Income Neighborhoods," Community Development Innovation Review, Federal Reserve Bank of San Francisco, vol. 15(1), pages 152-152, May.
    • Handle: RePEc:fip:fedfcr:92991
    DOI: 10.24148/cdir2021-01
    Note: The authors listed here are co-editors of Community Development Innovation Review, Volume 15, Issue 1, Summer 2021. This issue contains 6 separately titled and authored articles, each containing their own webpages, and may be accessed at https://www.frbsf.org/community-development/publications/community-development-investment-review/2021/may/community-development-financial-institutions-impact-low-moderate-income-neighborhoods/
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