The Senate Appropriations Committee has unanimously passed a $354 million budget for the Community Development Financial Institutions Fund (CDFI Fund) for FY2025, marking a 9.3% increase from FY24. This significant boost reflects the strong bipartisan support for the vital work #CDFIs do in our communities. Comment "Blog" to learn more.
As a CDFI Grant Reviewer for the last two years, this thrills me to see this increase to $354 million. Every dollar invested in our LMI communities results in a multiplier effect, which ultimately strengthens individuals and families, and small businesses that employ them! Kudos to the Senate Appropriations Committee for their decision to further invest in the vital work that CDFIs do!
Outstanding Support and Strong Commitment to “Equitable Access & Opportunity” for All!
Keep up the Great work of advancing equity #CDFIs
This is so great! Seeing bipartisan support for the CDFI Fund is encouraging that all sides see the importance of having our government give its citizenry the tools it needs in order to be the change. Afterall, it's in all of our self-interest to have an economy that's inclusive and to empower historically marginalized communities in a self-sustaining way.
Great news - CDFIs do such impactful work!
Enough is enough!
Welcome to Dayton, Ohio
Huge news!!
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2moI found the access to CDFI's for funding, to be a maze of clicks and links.