The Impact of CDFI Lending in Ohio’s Communities
CDFIs provide critical capital for neighborhood revitalization, affordable housing development, and the establishment of other community assets. CDFIs also help individuals start businesses, create jobs, and build wealth.
A robust CDFI sector delivers many benefits to Ohio communities and residents and helps to strategically position our state for the future. More information on Ohio’s CDFI industry can be found in Greater Ohio Policy Center’s report, “Building Assets: Ohio’s CDFI Industry.”
From 2005 to 2020, Ohio’s CDFIS:
Attracted Additional Investment
Every $1 of CDFI capital leveraged over $5 in private investment.
Created Jobs
Ohio's CDFI’s have created or retained over 22,493 jobs.
Supported Small Businesses
Ohio's CDFI’s have made more than 6,200 micro business loans, providing essential capital to Ohio’s small businesses.
Worked All Over Ohio
CDFIs lend to urban and rural counties alike. CDFI lending has occurred in all 88 counties in Ohio.