By Mark A. Pinsky & Adina Abramowitz
First posted March 2020
The purpose of this White Paper is to introduce a new way for America’s small cities and towns to attract flexible, affordable financing to address gaps in markets outside the economic mainstream.
This approach is called “CDFI Friendly” because it centers on how communities can make it easier for community development financial institutions (CDFIs) to finance affordable housing, small businesses, nonprofits, and commercial real estate in their towns. CDFI financing is important because it finances things that produce real benefits for people and communities. Without CDFI involvement, many projects would not get done.