News

CDFI Publish Date

$29 Million in Recovery Act New Markets Tax Credits Supports "Re-Birth" of Compton, California

Washington, DC - Today, President Obama released the fiscal year (FY) 2011 Budget proposal, which includes $250 million for the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund).

Detroit, Michigan - U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) Director Donna J. Gambrell visited Detroit, Michigan today to attend a site visit and press event hosted by the Michigan Interfaith Trust Fund (Trust Fund), a certified CDFI and recipient of a 2009 CDFI Program award of one million dollars.

250 Applications Received Requesting $23.5 Billion

CDFI Fund Receives 61 Funding Applications Requesting $23.7 Million

Washington, DC - The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) announced today that it received a total of 408 applications for the fiscal year (FY) 2010 round of the CDFI Program, representing a significant increase in demand.

CDFI Fund Receives $246.75 Million

The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) today released the following statement from Director Donna J. Gambrell on the President's signing into law H.R. 3288, the omnibus appropriations bill:

CDFI Fund Awards Expanding Businesses and Transforming Bay
Area Communities

"Small Businesses have always formed the backbone of the American economy. These entrepreneurial pioneers embody the spirit of possibility, the tireless work ethic, and the simple hope for something better that lies at the heart of the American ideal. The problem is, our small businesses have been some of the hardest hit by this recession.

Milwaukee, Wisconsin - Director Donna J. Gambrell, of the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, visited Milwaukee, Wisconsin today to announce awards totaling $52,715,000 to 62 organizations serving economically distressed communities across the nation.