On Thursday, June 12, 2025, the Federal Reserve Bank of New York hosted an event at the organization’s auditorium in New York City that explored how Community Development Financial Institutions (CDFIs) can expand into new geographies, products, and markets. The event included presentations on credit insecurity in the United States and expanding the reach of CDFIs, as well as two panel discussions.
IFF’s executive director for the Indiana Region, Amandula Anderson, served as one of the panelists for the conversation about CDFI expansion into new markets, joining New Jersey Community Capital Chief Financial Officer J.D. Allen, Mayor Paige Cognetti (Scranton, PA), and John Hamilton, the former Mayor of Bloomington, Indiana, who now serves as a consultant for CDFI Friendly America.
Moderated by the Federal Reserve Bank of New York’s director of community investments, Jonathan Kivell, the discussion focused on the role of CDFIs in addressing financial services gaps, expansion strategies, challenges faced, and the importance of partnerships and community engagement in fostering community and economic development.
To watch a recording of the panel discussion or other content from the event, click here or the video thumbnail below (redirects to Federal Reserve Bank of New York website).
