The Office of Management and Budget (OMB) released $289M in FY25 funding for the CDFI Fund after months of delays, allowing funds to move to Treasury for distribution.

  • Bipartisan housing groups and CDFIs have pushed for broader access to $613M (FY25 and FY26 appropriations) to support affordable housing, including sending a letter to National Economic Council Director Kevin Hassett at the White House.
  • Programs such as Capital Magnet Fund, the Emergency Capital Investment Program, and the Bond Guarantee Program remain unfunded.
  • The President’s FY27 budget request again proposes eliminating the CDFI Fund.