CDFI Fund's Future Hinges on Bipartisan Support in Congress as Trump Pushes Cuts
"For now, the wave of support appears to have held any staffing cuts at bay, Jeannine Jacokes, CEO of the Community Development Bankers Association (CDBA), said in an interview. In late March, the Treasury Department issued a statement affirming that the CDFI fund and related programs are statutorily authorized. The statement also said that senior Treasury leadership has consistently expressed support for CDFIs, that the CDFI Fund is operating normally and that Treasury does not anticipate any disruptions.
'People in Treasury told us that they heard from offices all over the Hill,' Jacokes said. 'House and Senate, both Democrats and Republicans...The bipartisan support that CDFIs have built over many years seems to be holding strong.'"