House Passes FY 2015 Omnibus

Thursday, December 11, 2014

The House last night narrowly passed the FY 2015 "CRomnibus" bill, a $1.1 trillon funding bill that will keep the government open through the end of the Federal FY 2015 (September 30, 2015). The Senate subsequently passed a stopgap measure which will continue to fund the agencies for two days while senators debate the legislation. The omnibus bill provides $230.5 million for the CDFI Fund, an increase over FY 2014 at $224.9 million. BEA Program funding will remain at $18 million. The bill includes $152.4 million for the financial and technical assistance programs, $15 million for Native American technical assistance, $22 million for the Healthy Food Financing Initiative and $23.1 million for administrative expenses. Total loan principal for the Bond Guarantee program will be limited to $750 million.