Community development financial institutions (CDFIs) are a valuable potential partner for health philanthropy. Across the nation, CDFIs are funding projects to support health care centers and clinics, grocery stores with healthy food options, and healthy housing. CDFIs grew out of the Civil Rights Movement and War on Poverty of the 1960s. They were established to address the need for capital in underserved and distressed communities, and to improve access to financial services, affordable credit, and investment capital not otherwise available from traditional financial institutions. Today, there are more than 900 U.S. Treasury Department-certified CDFIs, and together they have well over $30 billion in assets under management (Salamon 2014). There is growing interest among health funders in how these types of investments can improve health outcomes.
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