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What’s Next for CDFIs? The Challenge and Opportunity of Place

NonProfit Quarterly

Image Credit: Brian Koellish on iStock Nearly a third of US communities are CDFI deserts. In these turbulent times, many leaders of the nations growing network of community development financial institutions (CDFIs)which now collectively manage $468 billion in assets, a 615 percent increase over the past decadehave high hopes.

Finance 105
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Industry Founders Challenge CDFIs to Embrace a More Expansive Vision

NonProfit Quarterly

Image credit: Drew Beamer on Unsplash For community development financial institutions (CDFIs), these are extraordinary times. One was the rise of nonprofits within the CDFI sector. An overwhelming majority of CDFIs today, however, are nonprofits. Houghton and Grzywinski are on the board of Craft3.

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Lessons from Lynn: Leveraging Savings Circles, the “Cuchubal Initiative”

NonProfit Quarterly

How can nonprofits help immigrants build community wealth? Nonprofit and public sector programs to promote savings are common. One of the more common forms is the matched savings account, often referred to as the individual development account, or IDA. Let the organizers develop and refine their strategy.

Finance 110
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Improvisation Over Strategy: What Nonprofit Managers Can Learn from Theater

NonProfit Quarterly

Image credit: Ahmad Odeh on Unsplash In this interview, the CEO of a California-based CDFI offers her observations on what her work as a theater director has taught her about nonprofit management. Sara Razavi: Within the CDFI [ community development financial institution ] space, we are a nonprofit loan fund.