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Home Community Banking

Congress budgets $342M for CDFI Fund in 2026

January 16, 2026
Reading Time: 1 min read
Report: Republicans push back against proposed cuts to CDFI Fund

Lawmakers have agreed to budget $324 million for the Community Development Institutions Fund in fiscal year 2026, which would maintain the program’s funding at current levels, according to a conference report released this week by the Senate Appropriations Committee.

The committee last year drafted a spending bill that allocated $324 million for the CDFI Fund, which was $190 million above the White House budget request and nearly $80 million higher than the budget recommendation put forward by the House.

The agreement came less than a month after the Treasury Department announced it had directed the CDFI Fund to modify its New Market Tax Credits program allocations to ensure compliance with federal anti-discrimination laws. The department will also increase monitoring of award recipients. In addition, the CDFI Coalition noted the administration has only allotted $35 million of the $325 million appropriated for fiscal year 2026, with that funding set to expire on Sept. 30.

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