Discover and read the best of Twitter Threads about #CDFIs
Most recents (3)
Today's #GOPCThread is our 2nd set of #ShoutOuts to partners in #SMLC's doing great #Equitabledevelopment. For more case studies & the academic case for equity, check out our report w/ @landpolicy "Equitably Developing America’s Smaller Legacy Cities."
greaterohio.org/publications/2…
greaterohio.org/publications/2…
Funding minority business drives #Equitabledevelopment. Several Ohio #CDFIs run minority contractor loan programs to support MBE participation in construction and allied fields. Funds help start-up contractors withstand delays in payment & compete for more jobs. #GOPCThread
#ECDI runs MBE Capital for Construction (#CfC) & provides short-term, low-interest loans. CfC includes tech assistance & access to long-term capital upon program completion. In its 1st 3 years, CfC served 350+ small minority-owned const. firms #GOPCThread
greaterohio.org/good-ideas/202…
greaterohio.org/good-ideas/202…
This is the #DemPartyPlatform for 2020. This section is called: Ending Poverty Only one party has a specific plan for ending the scourge of poverty for poor and #WorkingAmericans..the other has a loyalty oath to a corrupt billionaire 1/9 
In the wealthiest country on earth, it is a moral abomination that any child could ever go to bed hungry. 2/9 #DemPartyPlatform #EndPoverty #HungerInAmerica
#Democrats will increase funding for food assistance programs, including #SNAP, #WIC, and school meals. We will also remove barriers that keep the formerly incarcerated from accessing food assistance.3/9 #DemPartyPlatform
For those who are paying attention to the stimulus package just passed and are wondering, “what the heck is a Community Development Financial Institution (#CDFI)?” Short answer: they are the greatest thing that you’ve never heard of.
A thread.
A thread.
CDFIs were created in the 1970s as a response to discriminatory financing practices from banks (redlining, racism, etc.) As CDFI leader Mark Pinsky puts it, they were “an experimental approach to community building and anti-poverty efforts” brookings.edu/articles/takin…
They were set up to create a grass roots financial system to serve the people, businesses and communities that the banks deemed “un-bankable” (i.e., non-white, poor communities). Today, they are 1,142 community-based loan funds, credit unions, & banks across the country.
