Source: Found here
When Kathleen Bradley got a ballpark estimate of $20,000 for a repair related to her home’s air conditioning, she was worried.
“I said money is hard and it’s hard to come by. I’m 79 years old, I can’t find a job right now,” Bradley said.
SELF isn’t a typical lender. It’s what is known as a CDFI or Community Development Financial Institution . A CDFI is a U.S. Treasury designation applied to financial institutions with a mission.
A bipartisan group of lawmakers is calling for the release ofCDFI funds , drafting a letter on August 1st.
Lawmakers from 23 states signed it, citing that the funds help run programs focused on everything from affordable housing and healthcare to small business growth.
In the case of SELF, its mission is to help low- and middle-income households make necessary home repairs and upgrades that support sustainability.
