Washington, DC - Today, President Obama released the fiscal year (FY) 2010 budget titled A New Era of Responsibility Renewing America's Promise. The President's budget requests $243.6 million for the CDFI Fund a 127 percent increase over the $107 million appropriated for FY 2009.

New Markets Tax Credit Program Used to Preserve 27 Affordable Housing Units and Provide Flexible Child Care in Adams Morgan Neighborhood

In July 2007, the CDFI Fund launched a two-year research effort to fund research projects of relevance to the CDFI industry. In October 2007, a total of twelve research projects were selected from more than 40 proposals that were received in response to the CDFI Fund's Request for proposal.

Lansing, MI - The U.S. Treasury Department's Community Development Financial Institutions (CDFI) Fund Director Donna J. Gambrell traveled to Michigan this week on a two-day trip to highlight how the New Markets Tax Credit (NMTC) Program has provided needed jobs and revitalization to the Detroit and Lansing areas.

Chicago, IL - U.S. Treasury?s Community Development Financial Institutions (CDFI) Fund Director Donna J. Gambrell today was honored with the 2009 Community Reinvestment Award by the Chicago-based Woodstock Institute.

"Not only does the New Markets Tax Credit Program encourage the flow of low-cost and flexible private-sector investment into some of our country's most economically distressed communities, but it also serves as a great example of how the public and private sectors can responsibly work together," said Treasury Secretary Timothy Geithner.

New Markets Tax Credit Program Provides Needed Jobs and Revitalizes Downtown Richmond

Richmond, VA - The U.S. Treasury Department's Community Development Financial Institutions (CDFI) Fund Director Donna J. Gambrell participated today in a grand opening celebration with Virginia Governor Timothy M. Kaine.

Washington, DC - Community Development Financial Institutions (CDFI) Fund Director Donna J. Gambrell today announced that $2,363,917 in Technical Assistance grants are being awarded to 27 organizations working in economically distressed communities across the country.

Washington, DC - Community Development Financial Institutions (CDFI) Fund Director Donna J. Gambrell today announced that $2,363,917 in Technical Assistance grants are being awarded to 27 organizations working in economically distressed communities across the country. These awards are being made through the fiscal year (FY) 2009 round of the

Washington, DC - Today, President Obama released the funding highlights for the Administration's fiscal year 2010 budget titled A New Era of Responsibility Renewing America's Promise, requesting to double funding for the CDFI Fund.