What we like about the CRA proposal and what we think needs improvement.
Warner & Crapo Unveil New Bipartisan Caucus to Fuel Investment in Rural & Low-Income Communities
14-member caucus will support CDFIs and MDIs in their missions to support rural and low-income communities
Bipartisan Group of Senators Introduce Tax Credit for CDFIs
On June 16, Sens. Mark Warner (D-VA), Roger Wicker (R-MS), Chris Van Hollen (D-MD), and Cindy Hyde-Smith (R-MS) introduced the Community Development Investment Tax Credit Act of 2022. The purpose of the credit is to encourage long-term private sector investments in CDFI. In general, the bill provides a tax credit for investments and equity-like investments in […]
House Approps’ Draft FY23 FSGG Bill Provides $336.4M for CDFI Fund
The amount is $41 million higher than Fiscal Year 2022 and approximately $5 million above the budget request.
New CDFI Coalition Fact Sheets
We’ve created updated versions of our CDFI Fact Sheet and our FY 2023 Appropriations Request document. Find them here:
CDFI Coalition testifies at Senate Banking Subcommittee Hearing
On January 5, 2022, CDFI Coalition Chair John Holdsclaw, IV was invited to testify before the United States Senate Committee on Banking, Housing, and Urban Affairs public hearing for its Housing, Transportation, and Community Development Subcommittee. The topic of the day: “Exploring How Community Development Financial Institutions Support Underserved Communities.” Chair Holdsclaw was joined in […]
CDFI Fund Announces 2021 CDFI Program FA Awards
Today, the CDFI Fund awarded 265 CDFIs $180.3 million in Financial Assistance (FA) awards.
“I Am Thankful”
– A Thanksgiving Message from Board Chairman John Holdsclaw, IV – As I begin my final months as Board Chair of the CDFI Coalition, I am filled with a range of emotions and gratitude. Being Board Chair and working with my fellow Directors and the Rapoza staff has been one of the highest honors of […]
House Budget Committee Build Back Better Text Updated
The House Rules Committee is met yesterday afternoon on President Biden’s social spending package. In advance, the panel released updated legislative text of H.R. 5376, the BUILD BACK BETTER ACT, although the final text will not come for some time. Here are a few quick takeaways, relative to community development and CDFI eligible initiatives. The plan […]
PeopleFund Launches BIPOC Business Accelerator
Earlier this month, PeopleFund announced the creation of a new accelerator program supporting Black, Indigenous, and People of Color in Austin and Dallas. Below is a press release from PeopleFund: PeopleFund proudly announces launching our Black, Indigenous, and People of Color (BIPOC) Small Business Accelerator. October 7, 2021 Our new signature initiative strategically aims to […]