Baltimore Business Journal - OpEd: Potential shutdown of CDFI Fund threatens billions in investment

While the federal government was shut down in October, the Trump administration issued termination notices to every staff member of the Community Development Financial Institutions Fund.

Citing that the institution’s programs, projects, and activities didn’t “align with the President’s priorities,” the administration threatened workers’ jobs in an already financially difficult time and endangered the essential work of the fund.

Right here in Maryland, these institutions have helped finance projects to revitalize our economy and neighborhoods, including the redevelopment of Lexington Market in Baltimore and the expansion of housing and community services in Hagerstown and Salisbury.

The fund has become a driving force and cornerstone of Maryland's revitalization. However, we can only leverage this resource if the federal government works with us, not against the state and its labor force.

While the administration’s termination notices are on hold, their threat remains as the current shutdown resolution expires in January. You can read my full op-ed to learn more about this issue and its implications here. ([link removed])

As Maryland Comptroller, I’m committed to monitoring challenges to our communities. I’ll always put families and their financial well-being first.

My best,

Brooke

(She, Her, Hers)

P.S. I’m running for re-election to keep fighting for Maryland families and their well-being! If you’d like to show your support, you can do so by contributing here. Thank you! ([link removed])

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Authorized by Brooke Lierman for Maryland; Chairman, Erek Barron; Treasurer, Candace Dodson-Reed.
Brooke Lierman for Maryland
PO Box 891
Baltimore, MD 21203
United States

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