On Friday, March 14th, the Trump Administration released a new executive order calling for a reduction in personnel and operations at the Community Development Financial Institutions Fund (CDFI Fund) to the bare minimum required by law. In the 30 years since the authorizing legislation was passed, CDFIs have become an essential pillar of community development financing. As a national coalition of real estate developers and investors who advocate for sustainable, equitable, and walkable development in America’s communities, LOCUS has first-hand experience utilizing CDFI financing to build critical community projects, including much-needed housing in vibrant, high-opportunity locations. Congress and the Trump Administration must preserve the CDFI Fund so it can continue supporting projects like those highlighted below.
On Friday, March 14th, the Trump Administration released a new executive order calling for a reduction in personnel and operations at the Community Development Financial Institutions Fund (CDFI Fund) to the bare minimum required by law. In the 30 years since the authorizing legislation was passed, CDFIs have become an essential pillar of community development financing. As a national coalition of real estate developers and investors who advocate for sustainable, equitable, and walkable development in America’s communities, LOCUS has first-hand experience utilizing CDFI financing to build critical community projects, including much-needed housing in vibrant, high-opportunity locations. Congress and the Trump Administration must preserve the CDFI Fund so it can continue supporting projects like those highlighted below.