Trump Order on CDFI Fund Risks Aid for Small Businesses, Housing

Bloomberg
Monday, April 7, 2025

"As the Department of Government Efficiency and other members of the administration continue clear-cutting the federal workforce, organizations that rely on the CDFI Fund to develop affordable housing, support minority-owned businesses and deliver disaster recovery in low-income parts of the country expressed concerns about what the order could mean for those efforts. CDFIs have a track record helping communities across the US, including the rural areas Trump has said he wants to help, so it's confusing for leadership of these organizations to be targeted. Considering current efforts to cut HUD staff and programs, including retrofit programs for older homes, the anxiety is well founded."