Tommy DobczykOpportunity Zone Advisor, OZ Wizard · Director of Development | Certified Opportunity Zone Advisor

Arizona CDFIs: Funding Community Growth & Local Impact! #shorts

25 Jun 2026 · 1 min

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In this short, Tommy Dobczyk outlines the key Community Development Financial Institutions (CDFIs) operating in Arizona—Chris Stamos CDFI, the Local Initiatives Support Corporation, and Growth Partners of Arizona/Clearinghouse CDFI. He explains that these CDFIs receive capital primarily from the U.S. Treasury, banks seeking Community Reinvestment Act (CRA) credits, foundations, and institutional impact funds. Because their funding is tied to public and impact‑oriented sources, their programs are designed to prioritize community improvement rather than profit, directing resources to targeted community‑development projects.

Chapters

—here in Arizona, Arizona CDFIs we should know. We've got Chris Stamos CDFI, very active in Arizona. We've got the Local Initiative Support Corporation. They're another one. We got Growth Partners of Arizona Clearinghouse CDFI. And so this is where the CDFI gets their money. This is really important to understand. This is why they have these programs set up to be more about improvement than about profit is because they receive their money from the Treasury Department, banks that need CRA credits, foundations, and institutional impact funds. So they are required to put those into targeted areas for, for community development.