Mary Scott Balys
On August 1, Senator Mark Warner (D-VA) and Senator Mike Crapo (R-ID) launched the Senate Community Development Finance Caucus (CDFC). This new bipartisan caucus already has 14 members, including Sens. Amy Klobuchar (D-MN), Mike Braun (R-IN), Jon Ossoff (D-GA), Steve Daines (R-MT), Jack Reed (D-RI), Cindy Hyde-Smith (R-MS), Tina Smith (D-MN), Cynthia Lummis (R-WY), Chris Van Hollen (D-MD), Jerry Moran (R-KS), Rev. Raphael Warnock (D-GA), and Mike Rounds (R-SD).
CDFIs have always had bipartisan support in Congress and OFN is pleased to see this caucus take shape and to see the collaboration among Senators to support the work of CDFIs. OFN looks forward to working with the Community Development Finance Caucus on strengthening public sector understanding of CDFIs and the positive community development impact they have in low-wealth communities.
Watch a video of Senator Warner talking about the creation of the caucus and his commitment to CDFIs below.