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 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 can complete this form to indicate their interest by Monday, November 10th.
