By a vote of 96-0, on March 25 the US Senate passed the CARES (Coronavirus Aid, Relief and Economic Security) Act, which commits $2 trillion in emergency spending to address the COVID-19 (coronavirus) crisis.
On March 21, The Hill published an op-ed entitled "Ensure small business survival during COVID-19 crisis: Fund the CDFI Fund" that urges Congress to allocate $1 billion to the CDFI Fund through the proposed COVID-19 federal stimulus package.
On February 25, the U.S.
On February 12, City First Bank welcomed Annie Donovan to the bank’s Board of Directors.
The House and Senate have reached a $1.4 trillion spending agreement for Fiscal Year 2020, with a record-setting appropriation of $262 million for the CDFI Fund and an extension of the New Markets Tax Credit (NMTC) Program for one year with an increase in the allocation to $5 billion.