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CDFI Certified

The Capital Corps is designated a Community Development Financial Institution (CDFI) by the U.S. Department of the Treasury.

MISSION DRIVEN

The Capital Corps has successfully earned their Community Development Financial Institution (“CDFI”) certification from the United States Department of the Treasury’s CDFI Fund in May 2018. Through monetary awards and the allocation of tax credits, the CDFI Fund helps promote access to capital and local economic growth in low-income and developing communities across the nation.

The Capital Corps is now eligible to apply for membership to the Federal Home Loan Bank of San Francisco. This membership would allow participation in the CDFI Bond Guarantee Program which would qualify The Capital Corps for certain regulatory exemptions relating to consumer and mortgage lending. It would also enable our banking partners to receive expanded Community Reinvestment Act credit.

Certification as a Community Development Financial Institution allows us to successfully pursue our ultimate mission – increasing access to credit to those pursuing their American Dream. Our Community Advisory Board comprised of representatives of underserved communities, was established to help ensure we stay true to our mission.

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What it Means to be a CDFI