President Obama has released the Administration’s FY 2016 Budget proposal. Included is total funding of $233.5 million for the CDFI Fund, a slight increase from $232 million in FY 2015. Once again, the president’s proposal eliminates funding for the Bank Enterprise Award. However, it includes increases to other CDFI Fund programs: $157.5 million for the CDFI Program, $35 million for the Healthy Food Financing Initiative and $16 million for the Native American CDFI Assistance Program. It also proposes permanently extending the New Markets Tax Credit Program at $5 billion per year, extending the CDFI Bond Guarantee Program through FY 2017 and restoring the Capital Magnet Fund. The proposal will now move on for consideration by the House and Senate appropriations committees.