A review of budget documents suggests the Obama Administration is seeking a $250 million allocation for the U.S. Treasury Department's Community Development Financial Institutions Fund for fiscal year 2011.
The administration released its proposed budget for the next fiscal year today. Congress still has to set the budget's actual spending levels. Credit unions that the CDFI Fund has certified as CDFIs are eligible to apply for grants from the fund.
The administration's budget increases money available for financial assistance grants to CDFIs from $108 million in this year's budget to $155 million for next year and leaves the amount of money budgeted for assistance to Native American CDFI's at $12 million.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
