Community development financial institutions around the country have been roiled by the Trump administration’s March 14 executive order targeting the CDFI Fund for elimination “to the maximum extent ...

WASHINGTON — LeeAnn Rasachak grew up in a family of immigrants, originally farmers from Laos. There was always a side hustle in her family, she said, or a small business that someone was passionate ...

The Community Development Financial Institutions Fund (CDFI Fund) boosts economic growth in largely underserved communities that lack traditional access to financing. The CDFI Fund creates a ...

The order also says the CDFI Fund and six other organizations are required to “reduce the performance of their statutory functions and associated personnel to the minimum presence and function ...

The Community Development Financial Institutions Fund (CDFI Fund) has invested over $8 billion through various monetary award programs, helping underserved people and communities. The Minority ...

Amid orders to reduce the Community Development Financial Institutions (CDFI) Fund as much as possible, Treasury Secretary Scott Bessent is doing what he can to preserve it, according to a ...

For this initiative, KeyBank’s philanthropic arm said that it intends to provide four-year, $200,000 grants to an “exemplary CDFI” in each of its 27 markets. Key’s physical footprint spans 15 states, ...

In fiscal 2024, the CDFI Fund awarded $789 million in grant funding to local lenders to make small-business loans. It also allocated $5 billion for the New Market Tax Credit Program and guaranteed ...