CDN staffs the Maryland CDFI Roundtable in conjunction with the Federal Reserve Bank of Richmond and with funding from the Maryland Department of Housing and Community Development. The Maryland CDFI Roundtable was first convened to assist CDFIs to provide more capital in the community. First, the Roundtable determined the obstacles CDFIs that deters them from investing, and the Roundtable worked to address those. The Roundtable is working now on getting organizations to understand what CDFIs are, and how they can be helpful in community revitalization across the state.
CDFIs are Community Development Finance Institutions, which are designed to invest in projects that revitalize communities. Recent examples are: The Shop Rite in Northwest Baltimore, where The Reinvestment Fund (TRF) along with several other partners heard the call from the local community for a grocery store because they had to travel so far for their groceries. The Shop Rite opened in July of 2014. Another example is a revolving loan fund through the Southeast Community Development Corporation that is financed by TRF and others. This loan fund is available for property owners, particularly those with vacant and dilapidated housing, to use to rehabilitate their properties.
The Maryland CDFI Roundtable does not have a website at this time. To get involved or for general information, please contact CDN’s Executive Director.