The amount is $41 million higher than Fiscal Year 2022 and approximately $5 million above the budget request.
Paul Anderson
New CDFI Coalition Fact Sheets
We’ve created updated versions of our CDFI Fact Sheet and our FY 2023 Appropriations Request document. Find them here:
CDFI Coalition testifies at Senate Banking Subcommittee Hearing
On January 5, 2022, CDFI Coalition Chair John Holdsclaw, IV was invited to testify before the United States Senate Committee on Banking, Housing, and Urban Affairs public hearing for its Housing, Transportation, and Community Development Subcommittee. The topic of the day: “Exploring How Community Development Financial Institutions Support Underserved Communities.” Chair Holdsclaw was joined in […]
CDFI Fund Announces 2021 CDFI Program FA Awards
Today, the CDFI Fund awarded 265 CDFIs $180.3 million in Financial Assistance (FA) awards.
House Budget Committee Build Back Better Text Updated
The House Rules Committee is met yesterday afternoon on President Biden’s social spending package. In advance, the panel released updated legislative text of H.R. 5376, the BUILD BACK BETTER ACT, although the final text will not come for some time. Here are a few quick takeaways, relative to community development and CDFI eligible initiatives. The plan […]
PeopleFund Launches BIPOC Business Accelerator
Earlier this month, PeopleFund announced the creation of a new accelerator program supporting Black, Indigenous, and People of Color in Austin and Dallas. Below is a press release from PeopleFund: PeopleFund proudly announces launching our Black, Indigenous, and People of Color (BIPOC) Small Business Accelerator. October 7, 2021 Our new signature initiative strategically aims to […]
White House Budget Released
The White House proposed $330 million for the CDFI Fund, a $60 million increase from the FY 2021 level of $270 million.
New CDFI Coalition Member: ICA
ICA’s Accelerator program is a great example of how CDFIs offer more than financial resources – they provide programmatic assistance through business incubators, technical assistance programs, training, mentorship, and education tailored to the unique needs of the markets they serve.
Small Business Week
This small business week, we’re highlighting some stories of CDFIs supporting small businesses.
Vice President Harris visits CDFI-financed business in Oakland
Earlier this week, Vice President Kamala Harris traveled to Oakland to visit an infrastructure project and tour Red Door Catering, a business financed by Opportunity Fund’s CDFI.