President’s Budget Stories and Data

Cotton Mill Apartments
Minnesota Entrepreneur Grows Childcare Business with Help of Local CDFIs
Manufacturing Expansion & Job Creation
LeClaire Partners

Testimonials

This funding is crucial to meeting the needs of those who are hard-working, dedicated members of our communities across Pennsylvania, who often lack resources from other financial institutions to meet their needs to maintain employment, housing, and enjoyment in our communities. Without this funding, more people will be in need of additional subsidies to maintain living and thriving in our communities. Eliminating this funding will be far more expensive than continuing it.

-Will Hall, Pennsylvania Assistive Technology Foundation, King of Prussia, PA

Thanks to the Bank Enterprise Award Fund, United is able to issue responsible credit and financial services to underserved customers… BEA is critical for offsetting the cost of running a small‑dollar loan program.

-Robert Jones, United Bank of Alabama, Atmore, AL

CDFIs are filling the deep credit gap encountered in many communities providing financing to small businesses, affordable housing, and community facilities, creating jobs and business opportunities and promoting revitalization.

-Mark Wilson, Coalition for Responsible Community Development, Los Angeles, CA