NEW YORK—On Wednesday, February 11, at 10AM, the Federal Reserve Bank of New York will release a research report by its Community Development team, “Sizing the Community Development Financial Institution Industry: 2011—2025.” Community Development Financial Institutions (CDFIs) are an important channel for the flow of capital into low- and moderate-income communities; this report explores how the industry has recently evolved in its size, total assets, and more.
The report is part of ongoing work the Community Development team has released about the CDFI industry. It updates a 2023 report, “Sizing the CDFI Market: Understanding Industry Growth,” using more comprehensive data and a longer period of analysis. The team also released a 2024 report, “Examining the Origination and Sale of Loans by Community Development Financial Institutions” and wrote about creating a more robust secondary market for loans originated by CDFIs in a 2024 article on the New York Fed’s The Teller Window.
The Community Development team works to understand the economic experiences of lower-income households and communities to help build a stronger economy for all Americans. Community Development is one of the Federal Reserve’s core functions as the U.S. central bank, rooted in the Fed’s mandates from Congress.
