Question

Organizations known as ________ have a significant role in the economic recovery. Some start-up businesses have successfully found sources of capital by going through one of these organizations.
A. ARMs (Adjusted Rate Mortgage lenders)
B. PACs (Personal Asset Collateral funds)
C. Venture Capitalists
D. CDIFs (Community Development Financial Institutions)

Answer 1

Answer:

D

Explanation:

The Community Development Financial Institutions Fund (CDFI Fund) plays a major role in causing economic growth and solutions in some of the nation’s most distressed communities. They offer tailored resources and creative programs that invest federal dollars alongside private sector capital, the CDFI Fund serves mission-driven financial institutions that take a market-based approach to supporting economically disadvantaged communities.

Financing busineese, creating jobs building homes is a critical step in the transformation of a life, a family, and a community. This is real change. This is what the CDFI Fund does to the community.