Today, the White House released the full details of its FY 2022 Budget Proposal. The White House proposed $330 million for the CDFI Fund, a $60 million increase from the FY 2021 level of $270 million. We already knew the topline number of $330 million, but the budget sheds new light on program funding levels.

*The White House also proposed an additional, one-time investment of $12 billion for the Capital Magnet Fund through the American Jobs Plan and proposes to make the NMTC permanent at $5 billion in annual authority and index it for inflation.  

Other Community Development Proposals in the FY22 Budget and American Jobs Plan (AJP)

White House Fact Sheet on Housing programs