The CDFI Coalition, a group of community development financial institutions that support the Treasury Department's CDFI Fund, is cautiously optimistic the program will survive the federal budget process without major cuts.
"We have friends on both sides of the aisle, particularly in the Senate," said Coalition Chairman Jeannine Jacokes. "The situation in the House is a little less clear because we haven't seen the committee assignments yet, but overall we are cautiously optimistic."
CDFIs and the CDFI Fund received unprecedented attention and levels of funding under a majority Democratic Congress and the Obama Administration, including loans to build capital using funds from the Troubled Asset Relief Program.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
