Discussion Paper

2025 CDFI Survey: Can Secondary Markets Help CDFI Loan Funds Grow?


Abstract: Our recent 2025 CDFI Survey Key Findings Report summarized responses from all community development financial institutions (CDFIs) who took the survey. However, "CDFI" is a broad moniker for a very diverse set of organizations. Many people are familiar with community banks and credit unions, but perhaps less so with loan funds. Loan funds are place-based organizations, often nonprofits, that can leverage external funding to deliver financing for undeserved individuals and communities. They are the most common business model type of all certified CDFIs, and they accounted for just under half of 2025 survey respondents.

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Provider: Federal Reserve Bank of Richmond

Part of Series: Regional Matters

Publication Date: 2025-11-13