Virginia CDFI Coalition Statement - November 2024 Election
In response to the November 6, 2024 election results, the Virginia CDFI Coalition has issued the following statement:
The Virginia CDFI Coalition acknowledges the critical importance of the recent national election outcomes and the potential impacts of these results on our most vulnerable communities. With the impending change in leadership and policy direction, the Coalition affirms its commitment to providing financial resources, technical support, and advocacy to our members serving those who have been left out of the financial mainstream. As a voice for these communities, we will continue amplifying stories of success and resilience and educating the public on the powerful impact that CDFIs have made across Virginia.
The Virginia CDFI Coalition has always prioritized collaborating with elected officials to create and defend the policies that allow us to provide assistance to those who need it most. That collaboration has led to inspiring bi-partisan support at both the state and federal levels. With a new federal administration, we will use these successes to continue developing and building new relationships, recognizing that we can not let our momentum falter. We must continue taking bold action to address challenges and ensure that no community is left behind.
Since 2021, the Virginia CDFI Coalition and its member organizations have provided millions of dollars of support to communities across the Commonwealth. This support has enabled thousands of individuals and their small businesses to achieve success and financial stability despite the barriers they were faced with. We have seen how access to affordable capital and resources can support lasting economic growth for all communities. Together, we will strengthen our network of passionate, dedicated organizations to continue to see the growth of CDFIs and their crucial impact in Virginia.
On behalf of our membership, we will continue working with public officials and offices to address the needs of our member organizations and their communities, positioning them to keep making the impacts Virginia needs. Now is a crucial time to do what CDFIs do best: uplift each other and our communities in need as we continue to work toward a more equitable Virginia where financial success and economic opportunity become a reality for all.
Sincerely,
Virginia CDFI Coalition Leadership
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The Virginia CDFI Coalition seeks to offer a collective voice to address issues concerning the unmet financial needs of Virginia communities by advocating for greater awareness of CDFI activities and operations and by supporting the goals of its member organizations with peer support and education. These goals will be implemented by the Coalition members individually and collectively in statewide and local venues with an emphasis on social and racial equity. We do this through advocacy and education, industry best practices & partnerships, storytelling and market education, and with financial products, services, and communities impacted.
To learn more about The Virginia CDFI Coalition, visit here.
