The Community Finance Innovation Fund supports the growth of the nonprofit community finance sector, including Community Development Financial Institutions (CDFIs), and solutions to advance financial inclusion and financial health in low-income communities across the U.S.
Only 30% of Americans are financially healthy today. The Citi Foundation believes that community finance innovators, including CDFIs, play an important role across the U.S. by providing individuals and families with responsible and affordable financial products, as well as tools and services that catalyze greater financial inclusion and financial health.
The organizations in the first Community Finance Innovation Fund cohort were selected following a competitive Request for Ideas process in 2022.
The selected organizations and projects are: