
Native CDFIs
Breakout Sessions
Native CDFIs Sponsor

Native CDFIs Sponsor
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Place-based collaboration tackling a local challenge can lead to new capital sources, stronger balance sheets, increased organizational capacity to expand reach or improve delivery of service, and innovation at scale. We’ll hear from three CDFI place-based collaboratives about how they are working together on innovative models to help people remain stably housed, as well as addressing housing affordability−both of which have been exacerbated by the pandemic.
Calvin Holmes
Chicago Community Loan Fund
Linda McMahon
The Real Estate Council
HousingNOLA
Mercedeh Mortazavi
JPMorgan Chase Foundation
Analysis by McKinsey Global Institute found if the racial wealth gap were closed, US GDP would have been $1.5 trillion greater over the next decade. Importantly, Black-led financial institutions play a vital role in closing these gaps by locating in minority communities and originating loans at higher rates to people of color than other lenders. Yet, 70% of African American communities lack a bank branch and nearly half of Black-owned banks have closed since 2008. While CDFIs exist to close financial gaps in underserved areas, on average, White-led CDFIs are over twice the size of CDFIs led by people of color. Four CDFI veterans will discuss these challenges, as well as opportunities facing the field to ensure more equitable outcomes among communities of color, and within the CDFI sector.
Bill Bynum
Hope Enterprise Corporation / Hope Credit Union