On July 13, the House Appropriations Committee approved the Financial Services and General Government (FSGG) fiscal year (FY) 2018 Appropriations bill. The bill reduces the CDFI Fund’s budget from FY17 funding level of $248 million to $190 million, a decrease of 23 percent. The bill continues the CDFI Bond Guarantee Program (BGP) with $500 million in guarantee authority.
On June 12, the House Appropriations Financial Services and General Government (FSGG) Subcommittee held a hearing, during which U.S.
From May 16-17, 82 OFN Members and Allies from 59 CDFIs across the country came to D.C. to participate in OFN’s 2017 Advocacy Day. This year was our largest Advocacy Day yet, and we could not have done it without the enthusiasm and dedication from our Advocacy Day participants.
Philadelphia, PA (May 23, 2017)—In a press statement issued today, OFN expressed disappointment at the administration’s FY 2018 budget proposal and highlighted the CDFI multiplier effect of responsible finance for hardworking Americans.