Month: April 2020
CDFIs Assisting Businesses During the COVID Crisis
There are over 1,000 CDFIs across the country with extensive experience providing patient capital to meet the needs of businesses and families in economically distressed communities. CDFIs also provide technical assistance and support to triage distressed businesses. This experience makes them uniquely suited to tackle the challenges facing businesses over the coming months. Learn how […]
Support Small Businesses in Hard Hit Communities Through the CDFI Fund
Congress should provide $1 billion in emergency appropriations to the CDFI Fund
Deal on PPP extension
This afternoon, Senate leaders announced a deal on a nearly $500 billion relief package that includes a set-aside for Community Financial Institutions, including CDFIs. The legislation would provide an additional $10 billion for the Emergency Economic Injury Disaster Grants, $50 billion for the SBA Disaster Loans Program, and $321 billion in additional aid for small […]
Message from CDFI Fund Director Jodie Harris
The CDFI Fund put out an announcement from Director Jodie Harris today providing more information on the Fund’s plan moving forward during the Coronavirus crisis. The Fund has not yet decided whether to extend deadlines for the upcoming CDFI Program round. Harris encouraged award recipients with questions about compliance, issues with reporting, or other short-term […]