State CDFI Program
Rationale
CDFIs are private financial institutions that have community development as a primary mission and develop a range of programs and methods to meet the needs of low-income communities. CDFIs make loans and investments that may be considered unbankable by conventional industry standards and serve borrowers, investees, and customers not serviced by mainstream financial institutions. State support for CDFIs indicates the level of commitment by state-level policymakers to foster lending to underserved businesses and communities within the state. State programs tend to support CDFIs either through state tax credits or direct funding.
About Measure
States that have initiatives or programs in support of a state CDFI industry (as of 2001).
Source
The Illinois Facilities Fund. (October 2001). State programs: A directory of programs that support the CDFI industry. Chicago, IL: Author.
| State | CDFI Program |
|---|---|
| Alabama | No |
| Alaska | No |
| Arizona | No |
| Arkansas | No |
| California | Yes |
| Colorado | No |
| Connecticut | No |
| Delaware | No |
| Florida | Yes |
| Georgia | No |
| Hawaii | No |
| Idaho | No |
| Illinois | Yes |
| Indiana | No |
| Iowa | No |
| Kansas | No |
| Kentucky | No |
| Louisiana | No |
| Maine | Yes |
| Maryland | No |
| Massachusetts | Yes |
| Michigan | No |
| Minnesota | No |
| Mississippi | No |
| Missouri | No |
| Montana | No |
| Nebraska | No |
| Nevada | No |
| New Hampshire | No |
| New Jersey | Yes |
| New Mexico | No |
| New York | Yes |
| North Carolina | Yes |
| North Dakota | No |
| Ohio | No |
| Oklahoma | No |
| Oregon | No |
| Pennsylvania | Yes |
| Rhode Island | No |
| South Carolina | Yes |
| South Dakota | No |
| Tennessee | No |
| Texas | Yes |
| Utah | No |
| Vermont | No |
| Virginia | No |
| Washington | Yes |
| West Virginia | No |
| Wisconsin | No |
| Wyoming | No |
