NAAHL Applauds More than 100 Members of Congress Reaffirming Support for CDFI Fund

Written By National Association of Affordable Housing Lenders

The National Association of Affordable Housing Lenders (NAAHL) applauds the more than 100 Members of Congress who joined a bicameral letter reaffirming strong, bipartisan support for the Community Development Financial Institutions Fund (CDFI Fund) as a critical vehicle of community investment.

We extend our sincere thanks to Senator Crapo and Representative Young Kim for their leadership on the letter urging the Administration to carry out the statutory obligations of the Fund, which was signed by an additional 103 Republican Members of Congress. Senator Crapo’s role as Co-Chair of the Senate Bipartisan CDFI Caucus, alongside Senator Mark Warner, underscores the broad commitment to the CDFI Fund.

This letter sends a powerful signal: investments in affordable housing and community development are top priorities for rural, Tribal, urban, and suburban communities alike. By elevating the roles of CDFIs, the New Markets Tax Credit (NMTC) program, and the Capital Magnet Fund (CMF), the signatories affirm the essential mission of the CDFI Fund: to create economic prosperity throughout the country.

As NAAHL emphasized in our recent letter to the Administration, the CDFI Fund represents a critical public-private partnership that channels investments to support pressing community needs. We look forward to working with Congress, the Treasury Department, and the Administration to ensure the CDFI Fund and its affiliated programs remain fully supported and positioned to serve communities throughout the country.

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National Association of Affordable Housing Lenders

NAAHL is the only national alliance of banks, CDFIs, and other capital providers dedicated to expanding economic opportunity by financing affordable housing and neighborhood revitalization. NAAHL has worked to advance responsible community reinvestment, fight predatory lending, and strengthen public-private partnerships.

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