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CDFI Fund Appears Spared From Worst Budget Cuts

The Senate Appropriations Committee appears to have left the budget of the CDFI fund intact.

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The U.S. Treasury Department’s Community Development Financial Institutions fund is not yet commenting on an announcement from the Senate Appropriations Committee that appears to leave much of its funding for this fiscal year unscathed.

Over the last few years, the fund has provided needed support to community development banks and credit unions, and the initial budget proposals cut the fund sharply.

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