Community development financial institutions around the country have been roiled by the Trump administration’s March 14 executive order targeting the CDFI Fund for elimination “to the maximum extent consistent with applicable law.”
The White House issued the executive order only hours after President Trump had signed a budget bill that maintained funding for the CDFI Fund at its 2024 level of $324 million.
More than 1,400 CDFIs help finance affordable housing, small minority-owned businesses, green energy, disaster recovery and other projects in underfunded communities — including in red districts.
