OFN strongly opposes the elimination of funding for the Department of Treasury’s Bank Enterprise Award (BEA) program and the Capital Magnet Fund (CMF) as proposed by the rescissions package released earlier this week by the Trump Administration. Today, OFN sent a letter expressing our position to the Chairs and Ranking Members of the Appropriations Committees and FSGG Subcommittees.

On March 16, Fast Company reported on how the Administration’s just-released FY18 budget cuts funding for low-income communities.