What is a Certified CDFI?
The Community Development and Financial Institutions Act of 1994 established the Community Development Financial Institutions Fund within the U.S. Department of the Treasury. The CDFI Fund provides both technical assistance and financial resources to banks, credit unions and community organizations certified as CDFIs. LIIF was among the first certified CDFIs in the United States. CDFIs receive certification when they meet the Fund’s eligibility requirements, which include having a primary mission of promoting community development and serving an investment area or targeted population providing development services while maintaining accountability to residents of its investment area through representation on its governing board of directors. For more information, please go to http://www.cdfifund.gov/.
