Since its inception, the CDFI Fund has awarded more than $2 billion to CDFIs and allocated $43.5 billion in New Market Tax Credits. The CDFI Fund’s programs incentivize private sector investments in distressed rural, urban and Native communities that lack access to capital. IN fact, for every $1 in CDFI Fund Financial Assistance awards, CDFIs generate $12 in financing. In fiscal year 2016 alone, CDFI Program awardees reported that they provided $3.6 billion in financing to homeowners, businesses, and commercial and residential real estate developments. These developments include the construction of community facilities in communities that might not otherwise have these amenities. In addition, CDFI Program awardees financed over 12,300 businesses and provided more than 35,000 individuals with financial literacy training.