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Greetings Friend,

Last week, the Administration announced a “reduction in force” for the entire staff of the CDFI Fund at the Department of Treasury, announcing that these firings are “necessary to implement the abolishment” of the CDFI Fund.

For more than three decades, the CDFI Fund has been a vital pillar of support for Community Development Financial Institutions, which have been critical to providing credit and banking needs to underserved communities throughout the country, supporting affordable housing, small business, and other key economic needs. Supporting CDFIs has been a bipartisan priority for years, given their importance to the economic well-being of communities in all states.

As a part of our ongoing work to protect and advance CDFIs, we are working with a number of allies, including the U.S. Impact Investing Alliance, B Lab & others. Our advocacy, and the advocacy of our partners, has played a crucial role in explaining the importance of the Fund in supporting investments in small businesses, affordable housing and more, but we need your help to amplify the impact.

We are circulating an Investor sign-on letter ([link removed]) urging the Administration to reverse its decision to fire CDFI Fund staff. Bipartisan and investor support is vital. Investors who are willing to sign the letter ([link removed]) can complete this form ([link removed]) to indicate their interest by Monday, November 10th.
READ THE LETTER ([link removed])
COMPLETE THE FORM ([link removed])

The firings of over 100 employees are scheduled to take effect on December 16, so there is still time for action.

Our partners at the U.S. Impact Investing Alliance have also drafted the following talking points for conversations with lawmakers, the media, or partners:
* CDFIs provide vital financing for small businesses, affordable housing, and community facilities across the country. They serve undercapitalized communities of all sizes, including rural, military, and tribal communities.
* The programs of the CDFI Fund help to catalyze private investment, unlocking an estimated $8 of private capital for every $1 awarded.
* The CDFI Fund is critical to implementing bipartisan programs that were just made permanent in the One Big Beautiful Bill Act, including New Markets Tax Credits, Low Income Housing Tax Credits, and Opportunity Zones.
* Halting the CDFI Fund's operations, even temporarily, will delay CDFI certification and compliance processes, imperiling the flow of investment capital now and going forward.

If you have any questions about this letter, please reach out to John Cochrane (mailto:[email protected]) , Director, Public Policy & Special Projects at the U.S. Impact Investing Alliance.

In solidarity,

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