Nearly six months after the start of fiscal year (FY) 2018, Congress finalized the FY2018 omnibus spending bill to fund the federal government through September 30, 2018.
Today, the U.S. Department of Treasury's Community Development Financial Institutions Fund (CDFI Fund) announced the recipients of the Fiscal Year (FY) 2017 Capital Magnet Fund (CMF) Award.
Each new year brings new challenges and opportunities for CDFIs, and 2018 is no different. We expect another challenging year for federal policies and programs affecting CDFIs.
More than three months into fiscal year (FY) 2018, Congress continues to negotiate a spending bill to fund the federal government for the rest of the year. Government funding is set to expire on Friday, January 19 after a continuing resolution was passed in early December.