Here's why community capital institutions could be the key to recovery
Financial first responders
Why It Matters
The United States puts more than $1 billion per year into a fund for community development financial institutions (CDFIs), and mandates that big banks make investments into low-income neighbourhoods, which they do by lending to CDFIs. Canada doesnโt have similar institutions that could classify as CDFIs, but if we did, hundreds of millions of dollars could be catalyzed to support communitiesโ recovery and regeneration.
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