#community-development-financial-institutions

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#federal-budget-cuts #rural-investment #credit-underwriting #accountability-and-fraud
SF politics
fromwww.housingwire.com
1 day ago

CDFI Fund cut proposal raises oversight and credit access issues

Proposed cuts to CDFI funding would reduce lending capacity without improving accountability or efficiency, weakening access to credit for borrowers outside standard underwriting models.
Non-profit organizations
fromwww.housingwire.com
2 months ago

Brief warns cuts to CDFI Fund could harm local economies

CDFIs are mission-driven lenders that leverage federal funding to catalyze private investment in underserved communities, with each dollar of CDFI Fund assistance historically generating approximately $8 in private investment.
fromBusiness Matters
2 months ago

Taskforce aims to unlock 1bn in small business lending

Ministers are seeking "concrete commitments" over the next five years to expand funding for the community development financial institution (CDFI) sector, not-for-profit lenders that support businesses unable to secure loans from mainstream banks. The initiative follows a review which found that many small firms are being pushed towards high-cost borrowing because of rising rejection rates, regulatory complexity and broker practices.
Business
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