What’s Next for Community Development Finance?
NonProfit Quarterly
DECEMBER 11, 2024
However, the term CDFI is far more recent, the product of the passage of federal law in 1994 that created the CDFI Fund in the US Department of the Treasury, which provides grant support that has played a major role in the sectors growth. Rosenthal noted that timing was critical in moving the CDFI Fund from policy idea into law.
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