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Innovative CDFIs scale up to help underserved communities move from relief to recovery 

Community development financial institutions are an overnight sensation 30 years in the making. As the depth of the COVID crisis becomes clear, community development financial institutions are 'having a moment' as a financial lifeline for small businesses and nonprofits in low-income, rural and minority communities.

Agent of Impact: Ellis Carr, Capital Impact Partners

The challenges faced by low-income neighborhoods that have been systematically disadvantaged requires “a continuum of capital, brought in at scale,” say Ellis Carr, the president and CEO of Impact Capital, an Arlington, Virginia-based CDFI with a national presence.