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Spending Deal Includes $12 Million Boost for CDFI Program

The package, set to be considered by Congress this week, includes an extension of NFIP program authorization until the end of FY20.

U.S. Capitol building U.S. Capitol building. (Source: Shutterstock)

The Community Development Financial Institutions program would receive a $12 million increase – to $262 million – in FY20 under the end-of-year spending deal Congress is set to consider this week.

The funding is part of a two-bill package – totaling some $1.37 trillion – that includes the 12 annual appropriations measures that Congress tries to enact each year.

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David Baumann

 

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