Friday, October 11, 2024 Washington, DC – The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced an agreement to issue three guarantees worth $498 million under the CDFI Bond Guarantee Program, the largest issuance in the program’s history. The CDFI Bond Guarantee program provides long-term, fixed-rate capital for projects in […]
CDFI Fund Announces FY 2024 CDFI Program and NACA Program Financial Assistance Awards
Thursday, September 26, 2024 WASHINGTON—The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today awarded 357 Community Development Financial Institutions (CDFIs) with $408.2 million in Financial Assistance (FA) awards to provide financial services and products for low-income and underserved individuals and communities across America. The awards were made through the fiscal […]
Pathway Lending’s Hank Helton Elected Chair of CDFI Coalition
Hank Helton, EVP and Chief Stakeholder Officer of Pathway Lending, Tennessee’s largest non-depository Community Development Financial Institution headquartered in Nashville, Tenn., was elected Chair of the Board of Directors of the CDFI Coalition during its March 15th meeting in Washington, DC.
Registration Opens for the 2024 CDFI Coalition Institute
We are thrilled to announce the opening of registration for the 2024 CDFI Coalition Institute, taking place on Thursday, March 14th, and Friday, March 15th in Washington, DC at the Madison Hotel.
CDFI Coalition Endorsed Bipartisan Bill to Support CDFIs Reintroduced in Senate
On Wednesday, May 4, Senators Mark Warner (D-VA) and Mike Crapo (R-ID) reintroduced the Scaling Community Lenders Act (S. 1442). This legislation, which supports CDFIs and is endorsed by the CDFI Coalition, is identical to a bill introduced by the Senators in the last Congress.
Sign-on in Support of CDFI Fund Appropriations
The CDFI Coalition is circulating a sign-on letter in support of CDFI Fund appropriations. Sign your organization on today!
2023 CDFI Institute Wrap-up
Thank you to everyone who attended the SOLD-OUT 2023 CDFI Institute. We enjoyed seeing everyone in-person again for the first time since our last in-person Institute, which took place days before lockdowns in March of 2020. As part of the event, more than 100 CDFI advocates went to Capitol Hill to advocate for CDFI Appropriations. […]
Senate Letter on Fiscal Year 2024 Appropriations
Today, Senator Robert Menendez (D-NJ) released a draft letter to the Appropriations Committee in support of CDFI Fund Fiscal Year 2024 (FY 24) Appropriations. Sen. Menendez, a long-time supporter, is inviting other Senators to sign his letter. The letter endorses the administration budget request of $341 million for the CDFI Fund. The closing date for […]
Fiscal Year 2023 Omnibus Hits the Streets
Omnibus Deal Reached — For the CDFI Fund, the trend continues upward, although at a slightly lower level than the budget request and the level recommended by the House. The total available for FY 23 is $324 million, an increase of $29 million above FY 22 and $7 million below the budget request.
CDFI Coalition submits comments on Certification and Target Market Assessment Methods
CDFI Coalition provides feedback to CDFI Fund on certification.