Community Development Financial Institutions (CDFIs) are specialized financial institutions operating in markets that are underserved by traditional financial institutions. This section highlights the Richmond Fed’s work on CDFIs.
The 2021 CDFI Survey was part of the Federal Reserve’s ongoing efforts to gather data from CDFIs across the United States and U.S. territories, including Puerto Rico. The survey gathered information from 345 CDFIs on their financial well-being throughout the COVID-19 pandemic, operational gaps and challenges, and effects on their clients and the communities they serve.
The 2020 COVID-19 CDFI Survey was a special effort to gather data from CDFIs across the United States and U.S. territories, including Puerto Rico, and to better understand the impact of COVID-19 on their organizations, clients, and communities.
The 2019 CDFI Survey was a national survey of CDFIs conducted as a partnership of the 12 Federal Reserve Banks, the CDFI Fund, First Nations Oweesta Corporation, Inclusiv, NeighborWorks America and Opportunity Finance Network. The survey grew out of the Richmond Fed’s biennial Survey of CDFIs in the Southeast and was fielded from April through June 2019.
The National CDFI Directory contains contact information for 319 CDFIs that responded to the Federal Reserve’s 2021 CDFI Survey. Separately, the CDFI Fund maintains a full list of Certified CDFIs.
