Community Lending - Renovo Financial

 

 

 

 

CDFI Certified

Renovo Receives CDFI Designation

 

 

 

 

 

 

Community Development Lending

 

Our passion for transformation goes beyond individual renovation projects. As a local lender, our activities are intricately meshed with the neighborhoods where our customers and their employees live and work. We understand 
the vital role private investment plays in building strong communities and creating economic opportunities, and we are committed to helping local entrepreneurs focus on revitalizing their own neighborhoods.

The distinction between outside development, and the local grassroots efforts of residents and firms focused on revitalizing their own neighborhoods, is measured by much more than ROI. As Renovo’s local clients are able to create sustainable wealth and financial independence, they serve as anchors in their communities, stabilizing and enabling continued growth through rising property values that catalyze further investment.



Community Development Financial Institution (“CDFI”) certification from the U.S. Department of Treasury enables Renovo to go even further in supporting these local entrepreneurs in their efforts to generate transformational wealth and neighborhood revitalization. As a CDFI, who dedicates time, energy and resources to supporting efforts that bring economic and cultural vibrancy to the communities in which we operate, Renovo can now play a greater role in 
supporting those invested in revitalizing their own neighborhoods. Providing access to affordable capital to the individuals and businesses of communities who are generally overlooked by traditional financial institutions will not 
only change the communities, it will transform lives and enable economic freedom.

 

 CDFI certification is conferred on organizations that provide financial services to under served communities and populations. There are over 1,000 certified CDFIs nationwide, including community development banks, local credit unions, loan funds, and venture capital firms.