WASHINGTON - The House subcommittee which recommends appropriations for the CDFI Fund has still not revealed what the next fiscal year's level might be or set a date for marking up an appropriation proposal, according to Jennifer Vasiloff, executive director of the CDFI Coalition. Everyone seems to be waiting for the House to finish setting an appropriations level for the Health and Human Services bill, Vasiloff said, and staffers are being quiet about what the funding recommendation might be since they don't want to draw too much criticism too early. The Senate has recommended an appropriations level of only $73 million for next year, compared to the $100 million recommended last year. Last year Congress favored the House's suggested appropriation of $80 million and the CDFI Coalition fears it could do so again with a drastically lower number. The appropriations question is currently before the House Appropriations Committee's subcommittee for HUD, VA and independent agencies, Vasiloff said.
House remains silent on CDFI funding
Want the latest credit union news?
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!