poor communities need health clinics, day care facilities, recreational
facilities, and shelters for homeless people and victims of domestic
abuse. The people who take advantage of these services usually
cannot pay the cost of either operation or construction. While
operational support for such services may be available from government
agencies and private philanthropies, without buildings and equipment
a community can't qualify for this support. Many CDFIs help to
bridge this gap by providing funds to acquire, renovate, or equip
buildings for community service use. There's risk involved, because
future funding is not guaranteed. Banks won't take that risk,
but CDFIs will.
Salud para la Gente, a community
health clinic In Santa Cruz, California, received a loan from
a credit union to build a new facility.