fromNon Profit News | Nonprofit Quarterly
6 months agoCDFI Movement Responds to Latest Trump Threat - Non Profit News | Nonprofit Quarterly
Founded in 1994 and housed at the US Department of Treasury, the CDFI Fund, with modest federal allocations ($324 million in fiscal year 2025, the fund's highest core funding ever), has helped spur a network of community lending institutions. Not long ago, due to their ability to support businesses during the pandemic in low-income communities, CDFIs had garnered record support, including $12 billion in one-time funding to support lending by CDFIs and other banks and credit unions owned by and operating in communities of color.