Fund Community Institute

Our GGRF preparedness survey found that while CDFIs and other community lenders offer products within priority areas, they plan to expand their reach across product lines. Read more in the full report here: https://lnkd.in/gaaF7qCP??

One key takeaway from our recent GGRF survey is that CDFIs and other community lenders anticipate needing to make significant updates to their internal systems, policies, and procedures. For example, 68% of survey respondents indicated that they plan up to update their impact tracking solutions to better respond to GGRF-related opportunities. 59% plan on updating their credit and/or portfolio management policies. See all anticipated updates in our full report: https://lnkd.in/gaaF7qCP??

The racial wealth gap between Black and White communities in the United States remains a defining barrier to socioeconomic equity and community development. Rooted in centuries of systemic exclusion, this disparity continues to hinder access to financial resources and economic opportunities for Black individuals and organizations. ??To learn more about this research, visit https://shorturl.at/EMgzH. #EconomicJustice #CDFIs #WealthGap

?? Make your voice heard and tell Congress to support CDFI Fund Appropriations! CDFIs play a ?????????? role in driving financial inclusion and strengthening communities across the nation. The CDFI Coalition is urging policymakers to support the long-term sustainability and growth of the CDFI industry. As part of this effort, we encourage all stakeholders to sign on! ?? Add your organization's name to the letter here: https://lnkd.in/guUbYUaF

Fund CI is pleased to share our report: CDFI Industry Positioning and Growth Opportunities related to GGRF. This report draws on our recent survey work, and we are pleased to share on findings on the industry’s current preparedness and significant growth opportunities. https://lnkd.in/g8RHCcgQ

Emily Sipfle will be presenting at Opportunity Finance Network's webinar today on technology adoption and implementation. There's still time to register!

Originally created by Alaina Barca and colleagues from the Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Cleveland, we invite you to explore the latest updates to the Banking Deserts Dashboard. Updates include the release of 2024 banking desert data, and user experience improvements like an underlying base map to better orient users to census tract locations, and an overall friendlier user experience. Explore census tract-level data on physical bank branch availability within all 50 states from 2019–2024 on the updated dashboard. https://lnkd.in/gWG_aWem

The initial findings of our GGRF survey support what we’ve heard anecdotally from CDFIs and others in the field: while GGRF funding presents a great opportunity, most CDFIs will need to adapt and grow to accommodate to program parameters and that can be daunting. We're doing a final push for responses to learn more about how the industry is positioned and to inform our future knowledge sharing. Add your CDFI to our survey responses here: https://lnkd.in/g5M_ApkY?

Thank you for being a part of Fund CI in 2024! In recent years, Fund CI has been growing our presence as we complete novel research as well as knowledge sharing as a thought leader for the CDFI industry and will continue to do so in 2025. As we conclude the year, we send a heartfelt thank you to all who have collaborated or partnered with us this year as well as those who have accessed and utilized our research. Our work depends on our insights and feedback from the CDFI industry and we strive to complete research that in turn supports the industry. We encourage you to read our year-end newsletter for the highlights of our year, as well as initial findings.from our GGRF survey. https://lnkd.in/gFefP8rC

This week, Paige and Mark co-hosted a webinar with Emily Sipfle of Fund Community Institute focused on how to adapt CDFI technologies in order to respond to funding opportunities and technology changes. We addressed common technology challenges in the industry, the reasons for and necessity of technology change, and finally how best to prepare your CDFI for these changes!