The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that they agreed to issue three guarantees totaling $300 million under the CDFI Bond Guarantee Program. The guarantees will be issued on behalf of three eligible CDFIs under the FY 2023 round of the program. The CDFI has nearly $2.5 billion guaranteed since the inception of the Bond Guarantee Program, which provides long-term, low-cost, fixed-rate capital for projects in low-income and distressed urban, rural and Native communities.
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