CDFIs

Key insight: WomenVenture, a Minneapolis-based Community Development Financial Institution, has assisted 108 small businesses seeking emergency assistance as federal immigration enforcement operations strain revenues and workforces across Minnesota. Forward look: The organization is establishing an emergency rapid response fund with other Minnesota CDFIs and community foundations, while navigating uncertainty around the CDFI Fund, which provides […]

Key insight: Treasury said it will abolish the CDFI Fund in reduction in force notices handed out to employees on Friday.  Forward look: The CDFI funding that’s already been appropriated could be subject to what’s called a “pocket recession,” a move likely to be legally challenged.  What’s at stake: Millions of dollars for banks and

Key insight: The CDFI Fund is getting a supplemental application, putting it back on track to receive the funding apportioned by Congress.  Look forward: But the Office of Management and Budget hasn’t given a timeline for when those funds will be disbursed, raising fears once again of pocket rescission.  What’s at stake: Millions of dollars