Finance
What is the federal 'Community Development Financial Institution' (CDFI) and how might it help Idaho buyers?
AA type of credit union limited to real estate
BFederally certified financial institutions serving underserved communities with affordable lending products for housing and small business✓ Correct
CA federal agency controlling mortgage rates
DA program only for rural agricultural buyers
Explanation
CDFIs are mission-driven financial institutions (banks, credit unions, loan funds) serving low-income, rural, or underserved communities with affordable financing. In Idaho, CDFIs may provide down payment assistance, affordable mortgages, or small business loans.
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