The CDFI Fund's FY 2016 Year in Review is now available on the CDFI Fund's website.
Director Annie Donovan's shared a few highlights for the release, "In the past year, our programs leveraged billions of dollars in investor capital, provided financing to thousands of businesses (most of them small businesses), enabled the creation of jobs across the country, and catalyzed the development of tens of thousands of affordable housing units. That’s impact!
The CDFI Fund awarded organizations more than $543 million in financial assistance, loans, and bond guarantees in FY 2016, including the first award round of the Capital Magnet Fund since FY 2010. And we recognized innovative practices that will increase access to capital and financial services in underserved rural areas, especially areas of persistent poverty, through our 2016 CDFI Prize Competition."