On July 18, the House of Representatives voted in favor of three amendments aimed to increase the overall FY19 appropriation for the CDFI Fund to $223 million.
A voice vote was held, and all three amendments were accepted:
Wednesday, July 18, 2018 (Washington, D.C.)—The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2018 funding round for the Capital Magnet Fund.
June has been a busy month on Capitol Hill as both the House and Senate Appropriations Committees approved their respective FY 2019 funding levels for the CDFI Fund.
OFN joins the CDFI Coalition and the CDFI community to call on the House of Representative to restore funding for CDFI Fund programs. The House Appropriations Subcommittee on Financial Services and General Government (FSGG) passed its funding bill for Fiscal Year (FY) 2019, providing only $191 mi
This month, the retirement of longtime Senator and Appropriations Committee Chairman Thad Cochran (R-MS) resulted in a shuffling of subcommittee leadership.