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: Legislation
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 […]
House Approps’ Draft FY23 FSGG Bill Provides $336.4M for CDFI Fund
The amount is $41 million higher than Fiscal Year 2022 and approximately $5 million above the budget request.