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Blog

Tag: CDFI Fund

News

House Subcommittee Presses Treasury Secretary about CDFI Fund Budget Cuts

On March 4, Treasury Secretary Steven Mnuchin appeared before the House Appropriations Financial Services and General Government Subcommittee (FSGG) for a hearing on the Department…

March 6, 2020
News

20 OFN Members Receive Grants for Affordable Housing

On February 25, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced 38 recipients of the FY 2019 Capital…

February 25, 2020
News

Congress Approves $262 Million for CDFI Fund and Extends New Markets Tax Credit

The House and Senate have reached a $1.4 trillion spending agreement for Fiscal Year 2020, with a record-setting appropriation of $262 million…

December 21, 2019
News

OFN Members and Allies Receive More Than $100 Million from CDFI Fund

On November 19, the Community Development Financial Institutions Fund (CDFI Fund) awarded $188.7 million in grants and loans to 284 community development financial…

November 20, 2019
News

Senate Appropriations Committee Approves $251 Million for CDFI Fund in FY 2020

With just over a week until the end of fiscal year (FY) 2019, Congress has yet to finalize any of its spending bills to fund the federal government…

September 20, 2019
News

CDFI Fund Announces FY 2019 Technical Assistance and Bank Enterprise Awardees

On September 19, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 73 Community Development Financial Institutions (CDFIs) $9.16…

September 19, 2019
News

House Votes for Record Funding for CDFI Fund Programs

On June 26, 2019, the House passed the Fiscal Year (FY) 2020 Financial Services and General Government (FSGG) Appropriations bill, H.R. 3351 by a…

July 1, 2019
News

House Subcommittee Approves $300 Million for the CDFI Fund in FY 2020

On June 3, the House Appropriations Financial Services and General Government (FSGG) Subcomittee approved its FY 2020 appropriations bill which included $300…

June 4, 2019
News

$3.5 Billion in New Markets Tax Credit Allocations Awarded

On May 23, the Community Development Financial Institutions Fund (CDFI Fund) allocated $3.5 billion in New Market Tax Credits to 73 community development…

May 28, 2019
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