At the Richmond Fed: Studying Community Development Financial Institutions

Charles Gerena

Econ Focus, 2023, vol. 23, issue 4Q, 29

Abstract: They say that money makes the world go round — the ability to borrow it can shape a person's life, livelihood, and neighborhood. But just because trillions of dollars are loaned to households and businesses every quarter doesn't mean lending is equally available to those who need it the most. Community development financial institutions, or CDFIs, emerged in the 1970s to improve credit access for underserved individuals and communities, offering a range of financial services and educational programs. But little was known about the impact of these organizations. The Richmond Fed launched the CDFI Survey in 2009 to fill that data gap for the Southeast region.

Keywords: CDFIs; 5th district; CDFI Survey (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.richmondfed.org/-/media/RichmondFedOrg ... the_richmond_fed.pdf Journal Article (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedrrf:97483

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Econ Focus from Federal Reserve Bank of Richmond Contact information at EDIRC.
Bibliographic data for series maintained by Christian Pascasio ().