The Critical Role of CDFIs in Response to the COVID-19 Pandemic
Community Development Finance Institutions (CDFIs) have been called the “financial first responders” in this COVID crisis—stepping in immediately to assist small businesses, non-profits, and individuals impacted by COVID-19. And as long-time investors in the CDFI industry, financial institutions are playing a critical role in supporting CDFIs as they strive to meet the growing financial needs of communities struggling to weather this financial crisis.
In this Virtual Learning Opportunity, Lorena Mendez Quezada, Vice President at Wells Fargo and leader in the company’s Community Lending and Investment Program will share her thoughts on how CDFIs are taking the lead in serving LMI communities during this challenging time, why CDFI investments are smart choices right now, and why Wells Fargo is well-positioned to support CDFIs during the COVID-19 crisis. You will also gain a deeper understanding of what Wells Fargo looks for when selecting a CDFI partner and gain an insider's view on Wells Fargo’s new $400 million Open for Business Fund – a program providing grant support to CDFIs serving those small businesses who have been hit hardest by COVID-19.
Whether you regularly invest in CDFIs and are looking to increase your portfolio or you are new to the CDFI industry, this VLO will be a great opportunity to hear an institutional investor's perspective on why and how the CDFI industry needs us right now.
Lorena Mendez Quezada, Vice President, Wells Fargo