Community Development Financial Institutions (CDFIs) provide financial products and services to underserved markets where it may be difficult to access what traditional financial institutions offer. Every other year, the Fed conducts a survey of CDFIs to better understand the barriers and opportunities that they face. This year’s survey sought input on various topics ranging from demand for products and product innovation. This year, 453 institutions responded to the Fed’s 2023 CDFI Survey. Speakers from the Federal Reserve Banks of Atlanta, New York, and Richmond hosted a Connecting Communities webinar, sharing key findings from the survey and their thoughts about the road ahead for CDFIs. During this Connecting Communities webinar, speakers discussed the demand for CDFIs’ products and services, challenges to meeting demand—including lending capital—and innovations in products and practices. Learn about CDFIs’ approaches to tracking outcomes—and their limitations. Speakers discussed how the survey results help inform future Fed research initiatives. Speakers shared Fed research on CDFIs’ use of secondary markets and financial leverage.

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