Strength in Numbers: The Growth and Evolution of CDFI Partnerships
Federal Reserve Bank of Richmond
First published November 2018
The Federal Reserve Bank of Richmond has researched developments in the community development financial institution (CDFI) industry on a regular basis since the 2009 inaugural launch of the biennial Survey of CDFIs in the Southeast.
To this end, the Federal Reserve Banks of Atlanta, Minneapolis, St. Louis and Richmond came together to author timely case studies on the following eight CDFI partnerships:
- Access to Capital for Entrepreneurs and Carver State Bank
- Atlanta Neighborhood Development Partnership and the Reinvestment Fund
- St. Louis CDFI Coalition
- Native CDFI Network
- Detroit CDFI Coalition
- Maryland CDFI Roundtable
- South Carolina Community Capital Alliance
- West Virginia Loan Fund Collaborative
The case studies yielded information about critical challenges for CDFI partnerships to navigate, including a lack of or inability to build trust, constrained capacity and resources, and difficulty sustaining engagement and activity