Browsing: CDFI

Key insight: The Office of Management and Budget had been withholding funds slated for Community Financial Development Institutions because the Trump administration claimed that they supported…

Key insight: The Trump administration’s budget proposes a $204.5 million cut to the Treasury Department’s Community Development Financial Institution Fund, and would redirect remaining awards to…

Key insight: Over 100 Republicans, including senior Banking Committee members, signed a letter supporting CDFI Fund after the Trump administration fired the entire staff.What’s at stake:…

Key insight: The trade association letter urges the White House to reverse cuts to the congressionally mandated program.Supporting data: The Office of Management and Budget has…

 Key insight: Senate Banking Committee member Mark Warner, D-Va., said that the order likely came from the Office of Management and Budget, rather than Treasury. Forward look:…

Key insight: Treasury said it will abolish the CDFI Fund in reduction in force notices handed out to employees on Friday. Forward look: The CDFI funding that’s…

The OMB has prevented billions of dollars from flowing to community development financial institutions, preventing those funds from supporting housing development, writes Robin Hughes, of the…

What’s at stake: TD Bank is providing Lendistry with a much needed $25 million equity injection that the CDFI can use to support its breakneck SBA…

WASHINGTON — The Office of Management and Budget has apportioned a fraction of the money Congress allotted to the Community Development Financial Institution Fund, documents show. OMB…

The Department of the Treasury has named a new director of the Community Development Financial Institutions Fund following the departure of former Director Pravina Raghavan and…