U.S. Sens. Mark R. Warner (D-VA) and Mike Crapo (R-ID), co-chairs of the Senate Community Development Finance Caucus, today led a bipartisan group of senators in a letter to Office of Management and Budget (OMB) Director Russell Vought, urging swift action to disburse congressionally-appropriated funding from the Community Development Financial Institutions (CDFI) Fund. The letter calls for transparency and timeliness in deploying the $324 million allocated in the Fiscal Year 2025 spending package to support over 1,400 CDFIs across the country.
In addition to Sens. Warner and Crapo, the letter was also signed by U.S. Sens. Cory Booker (D-NJ), John Boozman (R-AR), Bill Cassidy (R-LA), Kevin Cramer (R-ND), Steve Daines (R-MT), Dick Durbin (D-IL), Ruben Gallego (D-AZ), John Hickenlooper (D-CO), Cindy Hyde-Smith (R-MS), Jim Justice (R-WV), John Kennedy (R-LA), Amy Klobuchar (D-MN), Gary Peters (D-MI), Jack Reed (D-RI), Mike Rounds (R-SD), Chuck Schumer (D-NY), Tim Scott (R-SC), Tim Sheehy (R-MT), Tina Smith (D-MN), Chris Van Hollen (D-MD), Reverend Raphael Warnock (D-GA), Roger Wicker (R-MS), Ron Wyden (D-OR), and Todd Young (R-IN).
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