CDFIs have had strong bipartisan support at the federal level and I urge Congress to continue to support this important economic driver.
CDFIs have had strong bipartisan support at the federal level and I urge Congress to continue to support this important economic driver.
I appreciate the aspect of the program that puts decision-making in the hands of non-governmental institutions. I think this facilitates efficient use of tax-payer dollars.
CDFIs are essential to ensuring all communities and residents have access to safe, affordable credit when traditional financial institutions are not able to do so. These market-based institutions know their communities needs best and leverage private sector investment. Building bridges between the public and private sectors is what CDFIs do well and we need to preserve the expertise of these organizations by ensuring a robust funding of $324 million for the CDFI Fund.