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The Obama administration’s proposed 2012 budget would cut

the Treasury Department’s CDFI Fund by just over 9%, according to data supplied by the CDFI Coalition.

The organization of financial institution stakeholders in the fund reported the administration has proposed just over $227 million for the program 2012, about $23 million less than the amount proposed for 2011 and about $20 million less than the level included in the administration’s continuing resolution for 2011. The CDFI Fund has yet to comment on the budget allocation.

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