White House requests $325M for CDFI Fund
The Biden administration is requesting $325 million for the Community Development Financial Institutions Fund in its proposed budget for fiscal year 2025.
The Biden administration is requesting $325 million for the Community Development Financial Institutions Fund in its proposed budget for fiscal year 2025.
The Community Development Financial Institutions Fund announced that Pravina Raghavan has started her tenure as director of the program.
The CDFI Fund and Treasury Department announced they are soliciting public comments concerning the New Markets Tax Credit program’s allocation application for 2024.
Late in 2023, Warsaw Federal — a $71 million mutual savings and loan in Cincinnati…
The Community Development Financial Institutions Fund today released a “considerably revised” process for an organization to apply to become a CDFI or to renew its certification.
ABA expressed support for a proposed bill to create a tax credit for investments in community development financial institutions and minority depository institutions
Julieann Thurlow, ABA’s 2023-24 chair, unites financial inclusion and financial innovation.
ABA, seven state bankers associations and multiple banks joined more than 700 organizations in a letter urging President Joe Biden and Congress to permanently extend the New Markets Tax Credit program.
A bipartisan group of senators introduced an ABA-backed bill to create a community development financial institutions tax credit for private sector investors that make equity, equity-equivalent investments or long-term patient capital available to CDFIs.
ABA signed a coalition letter urging Congress to make the New Markets Tax Credit program permanent, and it is encouraging banks to do the same by signing the letter by the end of the month.