What is COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI)?

A group of banks the U.S. Treasury Department certifies. It is made to create opportunity and credit in challenged areas. They are modeled after the Community Development Corporations.

More On This Topic



Link to This Definition
Did you find this definition of COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary