CDFI Publish Date

Over 49 States Represented in Capital Magnet Fund Applications

Five Organizations to Receive Funding for Financial Education and Counseling Initiatives

Financial and Technical Assistance to Further Strengthen Expanding Native Community Development Financial Institutions

$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