Treasury
The Treasury Department’s Community Development Financial Institution fund was established to expand the capacity of financial institutions to provide credit, capital, and financial services to underserved populations and communities in the United States. The FY08 budget seeks to cut the fund roughly in half from current funding. The budget calls for $28 million while the FY07 continuing resolution provides $54 million for CDFI. In FY04, CDFI was funded at $61 million.