CDFI Coalition Blog

On the Eve of the Executive Order on the CDFI Fund, CDFIs Met with Congressional Supporters from Both Parties

Sens. Mark R. Warner (D-VA) and Mike Crapo (R-ID), co-chairs of the Senate Community Development Finance Caucus, led a letter to Treasury Secretary Bessent signed by 23 senators emphasizing the bipartisan support for the CDFI Fund,

As we stated Monday, the CDFI Coalition continues to be concerned about the March 14th Executive Order (EO) regarding the CDFI Fund. However, there have been several important developments since the EO.

The CDFI Coalition is deeply concerned that the CDFI Fund was targeted by a March 14, 2025, Executive Order limiting several federal agencies to their core statutory functions.

426 CDFIs, investors, businesses, organizations and other community development stakeholders wrote Congress urging appropriators to support $354 million in FY25 CDFI Fund Appropriations.