Community Development Financial Institutions (CDFIs) play a critical role in supporting economically disadvantaged communities. CDFIs can lend to underserved markets and asset classes and often go beyond traditional financial institutions’ work, providing coaching and technical assistance, among other services.
Kevin Goldsmith, Managing Director of Tax Credit and Intermediaries Lending, Community Development Banking, JPMorgan Chase, spoke with Commercial Observer about why the firm works closely with CDFIs. The conversation covered multiple topics, including:
- The four types of CDFIs and their unique roles
- How CDFIs help expand the firm’s reach
- Some of Community Development Banking’s recent collaborations with CDFIs
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