Browsing: CDFI

Key insight: WomenVenture, a Minneapolis-based Community Development Financial Institution, has assisted 108 small businesses seeking emergency assistance as federal immigration enforcement operations strain revenues and workforces…

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…

WASHINGTON — Funding for a key program that helps banks do community-focused lending is idling, and shows little sign of being deployed, as the Trump administration…

WASHINGTON — The White House’s proposed budget pitches eliminating Community Development Financial Institution Fund’s discretionary awards. In President Donald Trump’s proposed budget, the White House said that…