Senate Appropriations FSGG Subcommittee proposes $30 million (9.3%) increase in FY 2025 funding for CDFI Fund; Bank Enterprise Award remains at $40 million:

"The bill provides $354 million for the CDFI Fund, a $30 million or 9.3% increase over fiscal year 2024, to generate economic growth and provide access to credit and technical assistance to underserved communities across the country. This includes $35 million—a $7 million increase—for the Native CDFI Assistance Program (NACA) to promote access to capital and financial services in Native communities."