This case study has emerged from a body of research on the capacity of places to effectively draw private investment to public purpose in low-income communities. Through the experience of IFF–a community development finance institution (CDFI) that expanded its operations from Illinois to five markets in four neighboring states–it identifies lessons that may be useful for CDFIs when considering where and when it makes sense to increase their geographic reach by expanding into new areas.

Published: October 10, 2013