In response to the enthusiastic response to our first survey of CDFIs with Investor Notes programs, we updated the research in early 2022. This paper identifies over 70 CDFIs with Investor Notes programs based in 33 states. This provides individuals, foundations, faith-based organizations with a wide range of options for investing in mission-focused CDFIs focused on place-based community revitalization and specific impact areas such as small business, disability, health, food-access, and climate change. ![]()
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