Administration proposes a 63% cut to the CDFI Fund for FY27, reducing funding from $324M to $119.5M and limiting capacity.
Newsmax on MSN
Bessent orders CDFI probe, defends cuts
Bessent Orders CDFI Probe, Defends Cuts ...
WASHINGTON — The Office of Management and Budget has apportioned a fraction of the money Congress allotted to the Community Development Financial Institution Fund, documents show. Processing Content ...
The OMB has prevented billions of dollars from flowing to community development financial institutions, preventing those funds from supporting housing development, writes Robin Hughes, of the Housing ...
The MarketWatch News Department was not involved in the creation of this content. Bond issued through the U.S. Department of the Treasury's CDFI Bond Guarantee Program LAKE FOREST, Calif., March 23, ...
The Trump administration's FY 2027 budget request again proposes eliminating core Community Development Financial Institution (CDFI) Fund grant programs and redirecting limited funding toward rural ...
The Daily Yonder on MSN
Trump’s 2027 budget proposes deep cuts across federal agencies, restores some rural-focused USDA housing funds
President Trump’s fiscal 2027 federal budget outline, released on April 3, 2026, proposes to fund most of the U.S. Department ...
People credit all sorts of things for Detroit’s remarkable recovery. There was the city’s successful spin through municipal bankruptcy in 2013-14, Mayor Mike Duggan’s three terms and the energetic ...
Bond issued through the U.S. Department of the Treasury's CDFI Bond Guarantee Program LAKE FOREST, Calif., March 23, 2026 /PRNewswire/ -- Clearinghouse Community Development Financial Institution ...
LAKE FOREST, Calif., March 23, 2026 /PRNewswire/ -- Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced the full repayment of its first $100 million bond issued ...
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