Congressional Leaders Reaffirm Support for the CDFI Fund

October 24, 2025 – 

Read time: 2 minutes

WASHINGTON, D.C. — This week, Senator Mike Crapo (R-ID) and Representative Young Kim (R-CA) led a bicameral letter signed by 105 Republican Members of Congress urging the Administration to continue carrying out the statutory obligations of the Community Development Financial Institutions (CDFI) Fund. 

“We are grateful to Senator Crapo, Representative Kim, and the 103 Members of Congress who joined them in reaffirming the importance of CDFIs and the CDFI Fund in creating opportunity across America,” said Opportunity Finance Network (OFN) Executive Vice President and Chief Public Policy Officer Dafina Williams. 

In their letter, lawmakers reaffirmed their “continued support for the CDFI Fund and the role it plays in creating economic prosperity throughout the country,” emphasizing its bipartisan legacy of strengthening rural, urban, and tribal communities. With a three-decade record of results—fuel for Main Street—the Fund has delivered more than $7.4 billion in direct awards, $76 billion in tax credit allocations, and $2.5 billion in bond guarantees, leveraging private capital and creating jobs nationwide. These numbers underscore why continued support is vital to communities across America. 

Read Senator Crapo’s full statement for more. 

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Tags: CDFI Fund, CDFI Leadership, Community Development, OFN, Public Policy