Congress should continue to use proven financial leverage to help those who need it most
“Getting $12 of resources for every one dollar invested is good policy, and Community Development Financial Institutions’ (CDFIs) have demonstrated success in leveraging federal dollars at this rate year after year. CDFIs use these competitively awarded federal dollars to help fill a vital niche in the nation’s financial services delivery system, serving communities and market sectors that most conventional lenders cannot – with the ultimate goal of bringing CDFI customers into the mainstream economy as bank customers, home owners and/or entrepreneurs.”