Company goals are aspirational and not guarantees or promises that all goals will be met. Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement.

To find an OFN member CDFI that you are looking for, use the search filters below. This site contains PDF documents that require you to have the latest version of Adobe Reader in order to read them. Gentrification refers to the transformation of a city neighborhood from low to high value, often leading to the displacement of its previous occupants. learn  More about Report center, See how we're investing in local and national programs to fight hunger..

Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. (“MLLA”), a licensed insurance agency and wholly-owned subsidiary of BofA Corp. Investment products offered through MLPF&S and insurance and annuity products offered through MLLA: "Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. The CDFI Bond Guarantee Program issues bonds to support CDFIs that make investments for eligible community or economic development purposes.

Equal Housing Lender. CDFIs tend to be controlled locally, without interference from the federal government or national corporate hierarchy. A Community Development Financial Institution (CDFI) is a privately-owned bank that promotes financial inclusion and economic development among poorer communities. Community-wealth.org houses an extensive collection of resources focused on CDFIs and their role in community wealth building.

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5780 Certified Community Development Entities (with …

San Francisco Bay Area, CA, > Boston, MA, > The organizations are listed alphabetically by the state and city of the organization. South Florida, FL, Find a community development financial institution near you, Download the latest update of Adobe Reader. The Community Reinvestment Act is a federal law that encourages lenders to meet the credit needs of low- and moderate-income neighborhoods. Community development loan funds (CDLFs) provide financing and development services to businesses, organizations, and individuals in low-income communities. Bank of America supports local economies by partnering with community development financial institutions (CDFIs) across the U.S., and Puerto Rico and the District of Columbia.

Through its Capital Magnet Fund, the CDFI offers competitively awarded grants to finance affordable housing solutions for low-income people and low-income communities nationwide. They can be either for-profit or nonprofit and include community representation.

Community development financial institutions (CDFIs) are private financial institutions that are 100% dedicated to delivering responsible, affordable lending to help low-income, low-wealth, and other disadvantaged people and communities join the economic mainstream. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. learn  More about Better Money Habits®, See how we're bringing our approach to responsible growth to life..

Credit unions are regulated by the National Credit Union Administration (NCUA), an independent federal agency, by state agencies, or both. There are hundreds of chartered CDFIs operating in the United States, each with a focus on using innovative (and often less stringent) lending practices, educational efforts, and small business lending. If you are an OFN member and need to update Making financial lives better through the power of every connection. Community development venture capital (CDVC) funds provide equity and debt-with-equity-features for small and medium-sized businesses in distressed communities. A government-sponsored enterprise (GSE) is a quasi-governmental entity that enhances the flow of credit to specific economic sectors by providing public financial services. Community development financial institutions (CDFIs) are private financial institutions that are 100% dedicated to delivering responsible, affordable lending to help low-income, low-wealth, and other disadvantaged people and communities join the economic mainstream. © 2020 Bank of America Corporation.

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