#CDFIs
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oppfinance.bsky.social
“I believe the only way to predict the future we want... is to create it,” said OFN's President & CEO Harold Pettigrew at #OFN41. Learn more about #OFN41 and read the recap: https://www.ofn.org/blog/ofn41-charting-opportunity-next/ #CDFIs #OpportunityNext #OFN41 #CommunityFinance
OFN41: Charting Opportunity Next
This past October, 2,100+ community finance leaders gathered in Washington, D.C. at OFN's 41st annual conference.
www.ofn.org
November 10, 2025 at 8:20 PM
rebeccanagle.bsky.social
One program being silently eliminated during the shutdown is Community Development Financial Institutions, which fund small businesses in underserved communities. Many Native-run businesses rely on small loans from CDFIs. Now, they’re on the chopping block. ictnews.org/news/trump-a...
Trump administration guts community finance fund, a move that threatens tribal economies - ICT
Native CDFIs provide lending services in rural areas that are often banking deserts
ictnews.org
November 4, 2025 at 2:01 AM
kristoncapps.bsky.social
There's a fight on the right over the future of the Community Development Financial Institutions Fund, a bipartisan program that funds small banks and local credit unions, which in turn fund affordable housing, small businesses and disaster recovery. CDFIs are a lifeline for low-income areas.
October 16, 2025 at 4:50 PM
markwarner.bsky.social
The cruelty is the point.

CDFIs help low-income and rural communities get access to capital to start small businesses – a broadly bipartisan priority.

This administration wants to make it impossible for low- and middle-income Americans to get ahead.
October 10, 2025 at 9:52 PM
meeks.house.gov
CDFIs help communities grow — creating jobs, small businesses, affordable housing, and real economic justice. Trump and Republicans claim to fight for working people, then gut the CDFI Fund and cut its staff. As always, it’s Trump and billionaires first — everyday Americans last.
October 10, 2025 at 11:47 PM
therealkatraz.bsky.social
I get that CDFIs bridge the funding gap for those excluded from traditional financing... but that is literally all owner occupant small business today. The hoops you have to jump thru & the paternalism is 🤯. It's like sweetie if you go CDFI you should expect... [this level of bullshit] because 🤷‍♀️.
September 24, 2025 at 1:56 AM
dael.bsky.social
Anyhow, if some enterprising reporter at @spotlightdelaware.bsky.social or DBT or DelawareOnline wants to track how well a large sum of public money is being used – with no public oversight – to convince wealthy corporations to make loans to low-income folks, and/or to see how that goes, well...
"The Delaware Council on Banking is still drafting the code that will spell out who will be qualified for funds from the CIF and what products would be suitable. Brionna Denby, the Senior Vice President-General Counsel at WSFS Bank who serves as the Council’s president, said that products could range from personal and business loans, financial education programs and home equity line of credit or more. “We’re really focused on putting the materials together first and then having a launch date to market it to financial institutions, CDFIs and credit unions to make sure they’re aware of it,” Denby said. “There’s been a couple of folks in the CDFI world that have asked about this fund already, so there’s already interest in this.” The goal is to have the CIF requirements in place by early 2025, though Denby was cautious about a certain date at this time."
December 26, 2024 at 7:41 PM
russellmcintyre.bsky.social
Empower CDFIs - This past June, the Treasury created a new program to provide $100 million to community development financial institutions to finance affordable housing. This is a great start, but we need to keep the ball rolling with additional funding.

www.planetizen.com/features/132...
Commentary: How Can We Solve America’s Affordable Housing Crisis? CDFIs are the Key
As financial institutions whose mission is to support underserved communities, community development financial institutions can be key partners to ensure public-private efforts to build affordable housing pencil out.
www.planetizen.com
December 9, 2024 at 7:22 PM
stephwcruz.bsky.social
Day 2 at the Just Economy 2025 Conference listening to Congresswoman Maxine Waters emphasize the importance of CDCs and CDFIs #justeconomy
March 27, 2025 at 1:16 PM
jaimeleepbc.bsky.social
Goodbye CDFIs and Minority Business Development agencies. These are key programs that make accessing “the American dream” possible. Poof, gone.

Along with the Institute of Museums and Library Services 💀.

www.whitehouse.gov/presidential...
Continuing the Reduction of the Federal Bureaucracy
By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1.  Purpose.
www.whitehouse.gov
March 15, 2025 at 3:01 PM
pattho.bsky.social
I’ve been waiting for this one… couldn’t see how they’d miss the CDFIs, even though I don’t think they were mentioned in Project 2025.
yonahfreemark.com Yonah Freemark @yonahfreemark.com · Mar 15
Trump signed an order this morning seeking to vastly reduce the scope of the CDFI Fund (among several other agencies).

The CDFI Fund plays an essential role in US community development, particularly through the distribution of New Markets tax credits.
Continuing the Reduction of the Federal Bureaucracy
By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1.  Purpose.
www.whitehouse.gov
March 15, 2025 at 12:37 PM
quantumrelativity.bsky.social
"About 60% of CDFIs are in House districts held by Republicans, according to the CBDA."

news.bloomberglaw.com/banking-law/...
Community Finance Backers Alarmed by Trump's Potential Cuts (1)
Backers of community-based financial institutions are raising concerns that an executive order from President Donald Trump targeting federal support for their operations would harm vulnerable customer...
news.bloomberglaw.com
March 30, 2025 at 1:32 PM
senecaenviron.bsky.social
Native CDFIs key to generating $250B in #tribalcleanenergy investment, says Sen. Markey - A $20 billion federal investment in #cleanenergy projects could unlock up to $250 billion in total funding for disadvantaged communities, including tribal nations
Native CDFIs key to generating $250B in tribal clean energy investment, says Sen. Markey
Sen. Ed Markey urges Native CDFIs to quickly deploy $20B in climate funds that could leverage $250B in total investment for clean energy projects in tribal communities.
buff.ly
December 18, 2024 at 5:57 PM
bankeration.bsky.social
Our latest post is out: tinyurl.com/bdfsx943. This week's five minute read covers bank stocks, rehiring at the CFPB, DOGE's new website, funding cuts for CDFIs, quantum-resistant encryption, threat intelligence updates, and Palantir's play for bank business.

#banks #bankingnews #financenews
Banking News Roundup – 2025: Week 11
Bank stocks go for a ride, the CFPB rehires workers, DOGE posts its receipts, CDFIs under fire, quantum-resistant encryption, threat intelligence updates, and Palantir's play for bank business.
open.substack.com
March 16, 2025 at 8:04 PM
katiebkramer.bsky.social
Eliminating the CDFI Fund restricts resources to active CDFIs and eliminates the opportunity for new ones to be created. In also increases the cost of capital for CDFIs, which will be passed on to the small businesses, making it even more expensive to start a business or access a loan.
March 16, 2025 at 8:45 PM
usimpinvalliance.bsky.social
CDFIs provide affordable capital to local businesses & families, strengthening Main Streets. A recent EO threatens this work, but bipartisan lawmakers are pushing back. Investors must raise their voices too.

Read more from @franseegull.bsky.social: impactalpha.com/bipartisan-l... #impinv #econdev
Bipartisan lawmakers are rallying for CDFIs, investors need to do the same
Understand the threats to community investing policies under Trump and how they affect essential financial support for communities.
impactalpha.com
April 8, 2025 at 12:16 PM
nativenewsonline.bsky.social
Treasury affirms CDFI Fund will operate "as normal" despite executive order that threatened disruption, @tribalbiz.bsky.social reports. Native CDFIs with can continue serving tribal communities. Bipartisan Senate support helped protect $28M in Native funding.
Treasury affirms CDFI Fund will continue ‘as normal’ despite executive order
Treasury affirms CDFI Fund will continue normal operations despite Trump executive order, easing concerns for Native CDFIs that provide essential financial services in Indian Country.
tribalbusinessnews.com
March 22, 2025 at 3:27 PM
Want to help finance them at below market rates? There is a federal loan guarantee program for CHCs available to CDFIs to mitigate credit risks.
April 12, 2025 at 2:31 AM
oppfinance.bsky.social
In recent years, certified #CDFIs had $25B in small business & microloans with less than 1% net charge-offs. Proven lenders. Powerful impact. Learn more: https://www.ofn.org/what-is-a-cdfi/key-priorities/small-business/
Small Business
CDFIs invest in bright ideas and passionate people with vision and talent. We help diverse entrepreneurs build a thriving economy.
www.ofn.org
September 4, 2025 at 7:35 PM
oppfinance.bsky.social
Rural, urban, Native communities — CDFIs are there. OFN’s Impact Report captures a pivotal two years of growth, investment & opportunity. Explore: https://www.ofn.org/impact/ #CommunityFinance #ImpactReport
Impact Report
Explore how OFN and CDFIs delivered $124B in financing, 3.4M jobs, and stronger communities in our 2023-2024 Impact Report.
www.ofn.org
September 9, 2025 at 5:46 PM
sharedcapitalco-op.bsky.social
Thanks to @oppfinance.bsky.social for a great conference in New Orleans. It is so valuable to connect with fellow #CDFIs where we can talk about how co-ops are critical for a just society as well as how CDFIs are responding to gaps from traditional lenders nationwide. #CoopMonth #coopsyear #ofn41
October 31, 2025 at 5:13 PM
katiebkramer.bsky.social
In their 30-year history, CDFIs have expanded financial resources for entrepreneurs, giving them a different choice than venture capital or family resources. They created the pipeline of healthy small businesses I see everyday and are responsible for some of the most impactful job creators I know.
March 16, 2025 at 8:45 PM
michaelmillerjr.com
CDFIs like IFF are awesome!
October 24, 2025 at 3:08 PM
congressbills.bsky.social
Expands the use of moneys in the revolving fund to allow financing as matching funds for CDFIs to mobilize other funding sources. (CD1)
October 14, 2025 at 6:43 AM
awalkerinla.bsky.social
The UCLA-helmed Blue Ribbon Commission on fire recovery has its first round of draft recommendations out now and I love to see some *real* solutions in here like "large-scale land banking" 😍

Read more: labrcommission.org/blue-ribbon-commission-on-climate-action-and-fire-safe-recovery
The cover page of the Blue Ribbon Commission on Climate Action and Fire-Safe Recovery Initial Recommendations and Draft Action Plans for The Resilient and Sustainable Rebuilding of Los Angeles County May 1st , 2025 The skyline of downtown LA is shown on the cover with the mountains in the distance 1. Regional Entities for Resilient Rebuilding and Long-Term Fire Protection Overall Goal: Establish regional entities to sustain long-term support and focus on the effort. The entities, as described below, will help to reduce the cost and time of rebuilding resilient housing, businesses, landscapes, and communities in a resilient manner and of protecting the Palisades and Eaton burn areas and other communities from fire risk. A. Establish Resilient Rebuilding Authority/ies1 for the Eaton and Palisades Burn Areas What: Establish a Resilient Rebuilding Authority, or two separate Authorities, for the two major burn areas. The Authority/ies will be established by state legislation. Start-up funding could be provided via a combination of philanthropic, local, and State (e.g., Prop 4) resources. Through the resale of land and the collection/administration of Tax Increment Financing and/or Transfer of Development Rights, the Authorities could be revenue-neutral when they eventually sunset and disband. NOTE: achieving revenue neutrality would be dependent on purchase and sale pricing, timing, interest rates, market conditions, administrative costs of the Authority/ies, the use of purchased land for public purposes, and other public activities taken on by the Authorities. The Authority/ies would be empowered to do the following: • Facilitate large-scale land banking, rebuilding, planning, logistics management, and contracting to reduce costs, increase efficiency, and ensure compliance with resilience and sustainability requirements and best practices. o Authorize the ability to use tax increment financing and other financing tools that may include but not be limited to special financing districts (e.g., Enhanced Infrastructure Financing Districts and/or Climate Resilience 1 California’s Disaster Recovery and Reconstruction Act of 1986 allows for the creation of Reconstruction Authorities “with powers parallel to those of a community redevelopment agency, except that the reco… o Work with energy and water utilities to maximize opportunities for bulk purchasing of needed distribution system and property level equipment, and to facilitate inter-utility coordination. o Coordinate with other public agencies to implement landscape-scale fire mitigation practices o Identify opportunities to enhance evacuation routes when restoring commercial corridors and rebuilding housing supply. o Other potential roles and functions to be determined based on need and feedback. • Aggregate and leverage funding and finance mechanisms to benefit community o Work with community-oriented financing institutions (e.g., Community Development Finance Institutions, credit unions, community banks) to enhance opportunities to offer affordable financing option(s) for residents lacking the resources to fully fund their individual home rebuilding needs by working with community development finance institutions (CDFIs), banks, and foundations to ensure that there is patient, flexible capital available to all ranges of community stakeholders. o Collaborate with philanthropy, land banks/trusts, and other aligned entities to leverage capital, ensure community benefit, and maximize resilience and sustainability outcomes. Establish easements and/or purchase lots as available–when original family owners want to sell–to help avoid land speculation and facilitate a coordinated and consistent approach to rebuilding. o Use the above tools to offer “first look” priority to returning residents and/or their family members to repurchase properties at fair pricing and to encourage accessibility to low and moderate income community members. This may include coordinating incentives from the state and other sources for high performance, resilient housing. o Issue RFP(s) that both are informed by community input, align with existing community and area plan, and require climate-resilient standards that result in contracting with experienced homebuilders to build higher quality and more afforda… between the natural and built environments, including retrofitting nearby structures. These actions would also help enhance and increase the likelihood of insurability of homes and neighborhoods. NOTE: This is separate and distinct from the Consolidated Fire Protection District of Los Angeles County (CFPD) Why: In Los Angeles County, a large proportion of the open space that abuts urban development is publicly owned. This dividing line is generally not managed by public agencies to prevent fire spreading from the open space to the urbanized areas. While relying on individual property owners–be they public or private–to maintain defensible, fire safe conditions is important, it is not adequate to protect lives and property. For example, continuously maintaining a fire-safe buffer–via maintained natural systems that have proven effective elsewhere–at the dividing line between urban and open space areas could reduce the risk of fire transmission, along with retrofitting nearby homes, structures, and private properties–via homeowners association fees–to be more fire-resilient. This would ideally be planted with native, ecologically-appropriate, fire-resistant vegetation. The District will help protect lives and property by investing in regional wildfire mitigation strategies, such as creating natural fire buffers to prevent and/or slow the transmission of embers from where fires usually start (open spaces) to where they cause the most physical, economic and social damage (existing urbanized areas). Retrofitting of the nearby built environment will also increase resilience to wildfires as well as urban conflagration risk, including post-earthquake fire risk. For example, retrofitting older, dense wood-frame structures that lack fire-resistant measures (e.g., ember-resistant vent screens, defensible spaces) will help decrease urban conflagration risk.
May 1, 2025 at 8:51 PM