Administration proposes a 63% cut to the CDFI Fund for FY27, reducing funding from $324M to $119.5M and limiting capacity.
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Community Development Financial Institutions (CDFIs) are invaluable resources to local economies across the U.S. These mission-driven organizations, certified by the U.S. Treasury, provide alternative ...
The future of the federal Community Development Financial Institutions (CDFI) Fund remains embroiled in politics and uncertainty that’s trickling down to the community lenders that rely on it as a ...
On April 27, Treasury announced that it has initiated a review of certified Community Development Financial Institutions ...
The Trump administration's plan to reduce the performance of the Community Development Financial Institutions Fund would sacrifice one of the country's most cost-efficient investments in itself, ...
The Fund’s potential dissolution could dismantle a 30-year infrastructure of capital access for small businesses and community finance institutions across the country. For more than three decades, the ...
Community investing involves financial products designed to uplift economically disadvantaged areas, offering resources and ...
On October 23, more than 100 Republican members of Congress penned a bicameral letter to the Treasury secretary and the director of the Office of Management and Budget (OMB), reaffirming support for ...
President Donald Trump issued an executive order Friday night scaling back the Community Development Financial Institutions Fund, a Treasury Department program that supports underserved areas and that ...
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Axing the federal agencies could lessen Black businesses' ability to access capital and grow revenues. The Community Development Financial Institutions Fund (CDFI Fund) has invested over $8 billion ...
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