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Major cuts could be coming to the CDFI program.

The Trump Administration on Tuesday proposed to rescind $174 million already appropriated for the Community Development Financial Institutions program—a cut that credit union trade groups said will directly affect efforts to provide housing and other services to low-income people.

The administration sent a $15 billion rescission package to Capitol Hill Tuesday. That package included cuts to many programs the administration opposes.

David Baumann


Credit Union Times

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