From July 20 through August 14, 2020, the Federal Reserve fielded the COVID-19 CDFI Survey. The effort gathered information from 229 CDFIs on the financial impact of COVID-19, participation in economic relief efforts, operational changes, and effects on clients. Survey results and key findings are organized into three sections:
- The Financial Impact of COVID-19
- Crisis Response, Operations, and Customer Needs
- Survey Respondent Overview
This survey effort is a partnership of the Federal Reserve, the CDFI Fund, Opportunity Finance Network, the CDFI Coalition, the Native CDFI Network, the Community Development Bankers Association, Inclusiv, First Nations Oweesta Corporation, NeighborWorks America, the New York State CDFI Coalition, and the Asociación de Ejecutivos de Cooperativas de Ahorro y Crédito de Puerto Rico.
Read the full report.