NEW HOPE IN THE NEW YEAR FOR SANDY-AFFECTED BUSINESSES
Mark Pinsky, President and CEO, Opportunity Finance Network
Huffington Post, 1/14/2013
While Congress fiddled with appropriations for communities devastated by Superstorm Sandy, the CDFI sector in many of those communities was busy finding and funding small business owners and others who wanted only to get back on their feet.
CDFIs, or Community Development Financial Institutions, have a 30-plus year track record of lending successfully in distressed market conditions. Very quietly, they have stepped up their efforts to help community businesses recover post-Sandy. They played similar roles after the 9/11 attacks, after Hurricane Katrina, and many other times.