Last week, the House Committee on Financial Services held a hearing on “Community Development Financial Institutions (CDFIs): Their Unique Role and Challenges Serving Lower-Income, Under-served and Minority Communities.” The hearing included testimony from Michael Barr (Assistant Secretary of Domestic Finance, Treasury), Donna Gambrell (Director of the CDFI Fund), William Bynum (Enterprise Corporation of the Delta), Ray Moncrief (Kentucky Highlands Investment Corporation), Janie Barrera (ACCION Texas), Dorothy Bridges, (City First Bank of DC), Tanya Fiddler (First Nations Oweesta) and Judith Kennedy, (National Association of Affordable Housing Lenders). The participants’ testimonies and a recorded web-cast are available through the Committee’s website. Read More…
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