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.
Category: CDFI
Warner & Crapo Unveil New Bipartisan Caucus to Fuel Investment in Rural & Low-Income Communities
14-member caucus will support CDFIs and MDIs in their missions to support rural and low-income communities
Bipartisan Group of Senators Introduce Tax Credit for CDFIs
On June 16, Sens. Mark Warner (D-VA), Roger Wicker (R-MS), Chris Van Hollen (D-MD), and Cindy Hyde-Smith (R-MS) introduced the Community Development Investment Tax Credit Act of 2022. The purpose of the credit is to encourage long-term private sector investments in CDFI. In general, the bill provides a tax credit for investments and equity-like investments in […]
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 […]