News

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.

Despite a challenging outlook for the FY 2020 budget and appropriations process, the 116^th Congress brings opportunity to introduce CDFIs to newly elected Members of Congress and new leadership on key committees. In both the House and Senate, new leadership and members resulted in...

Last week, the Senate approved $250 million for the CDFI Fund as part of H.R.