CDFIs: A Powerful Lever for Main Street America
Track
Justice & Economic Prosperity for All
Format
Fireside chat (2 speakers)
Speakers
- NameShena Ashley
- TitlePresident, Capital One Insights Center
- OrganizationCapital One
- NameHarold Pettigrew
- TitlePresident and CEO
- OrganizationOpportunity Finance Network
Description
As affordability issues impact more Americans, it’s important to expand access to capital and fuel economic growth and opportunity across the country – spanning urban, rural and suburban communities. Community development financial institutions (CDFIs) fill a niche role in empowering Main Street communities, in some cases through a blend of public and private capital, with more than 1,400 CDFIs delivering $300+ billion in financial services each year – including deploying capital to 100K entrepreneurs and small businesses and financing over $100 billion in residential real estate. CDFIs connect consumers and entrepreneurs who may not qualify for traditional loans and credit to the financial products and services they need to achieve economic success.
Hear from Capital One and Opportunity Finance Network about the creative solutions that CDFIs have implemented across all corners of the country, including infrastructure development, housing creation and preservation, small business lending and healthcare access. Private capital – along with holistic capacity-building and technical assistance support from companies like Capital One – can serve as a lever of change to help CDFIs meaningfully engage and drive impact with the clients and communities they serve.