Why We are Re-examining CDFI Certification

In October 2016, the CDFI Fund released a five-year strategic plan.  You can read the plan here.  One of the opportunities we saw was the need to re-examine our CDFI certification policies so that the certification reflects the flexibility needed to reach effectively into every community that CDFIs can serve - to more nimbly respond to changes in the financial services sector while still adhering to the primary mission of community development.

On Cue: The CDFI Fund's Innovation Challenge

In November 2015, the CDFI Fund announced that the Association for Enterprise Opportunity (AEO) had won its 2015 Innovation Challenge. The CDFI Fund created the Innovation Challenge to seek new ways to expand or increase investments in underserved communities across the country. AEO won the Challenge with a proposal to develop a screening and assessment tool to connect small businesses searching for loans with a CDFI that may be able to meet their needs when a bank or other lenders cannot.