Evaluating the Distribution of Community Development Capital to Low-Income Communities

Blog post by Austin Harrison, Jennie Doss, Jessica Buttermore, Jessica Lotz
July 14, 2023

Innovate Memphis   (Memphis)

When it comes to improving upward mobility for Black Memphians, a persistent challenge is having access to strong financial capital and advisory support from the industry. The Memphis Community Development Financial Institution (CDFI) Network has been bringing financial and housing institutions together with community members for nearly a decade to make access to these resources more accessible to neighborhoods that need them the most. Led by four organizations (Communities Unlimited, Hope Credit Union, River City Capital Investment, and United Housing) the CDFI Network has sought to bring more capital investment to the city to develop housing and businesses where traditional lenders have left financial gaps.