Community Development Financial Institutions
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CDFIs could be community development banks, community development credit unions, community development venture capital funds, microenterprise development loan funds, or community development corporations.

In order to validate its existence and function properly, CDFIs need to be certified by the Community Development Financial Institutions Fund, and through these, the CDFIs will then be provided with funds and finances through several programs and initiatives.

CDFIs can provide financial assistance to challenged communities such as small business and underserved populations. The overall mission of the CDFI fund is to provide the American people with accessible, nonetheless affordable, credit, capital, and financial services.

Initially, the CDFI Fund was created for the sole purpose of economic rehabilitation and community development through investing and providing financial assistance to community development financial institutions (CDFIs).

Since its creation in the year 1994, the Community Development Financial Institutions Fund has already administered over $1.4 billion to various community developments and financial institutions.

If you wish to read more about the CDFI Fund, you can visit the its official website at http://www.cdfifund.gov.

Community Development Financial Institutions
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About The Author Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. She also maintains Websites providing resources on artist grants and children grants.

Additional Resources

category - Community Development Grants

Department of Housing and Urban Development: Sustainable Construction in Indian Country Small Grant Program
The Sustainable Construction in Indian Country Small Grant Program is designed to solicit program proposals that contain one of more sets of "Lessons Learned" that will help inform the Native American communities, such as Indian Tribes, regarding the issues and concerns that need to be taken into consideration upon tackling sustainable construction projects in their community.

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Government Grants Within The United States Energy Sector
Can you imagine your life without energy? Without electricity? Picture going on a full day without power, no lights, no water supply, no air-conditioning, no computers, no internet connection, no nothing. Seems pretty bleak, doesn't it?

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Rural Policy Analysis Program
The Health Resources and Services Administration has recently established the Rural Policy Analysis Program, wherein it intends to solicit applications that support the research and analysis of respective policy affecting rural communities, so as to inform policy makers.

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YouthBuild Grants Program
The Employment and Training Administration has recently established the YouthBuild Grants Program in an effort to financially support organizations that seek to oversee the provision of education, occupational skills training, and employment services to disadvantaged youth in their communities while performing meaningful work and service to their communities.

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