[CircleUp] News Alert: President's FY 2010 Budget Requests a Doubling of the CDFI Fund Appropriation

[Stewart Sarkozy]

To view this email on the web click here
<http://org2.democracyinaction.org/o/5172/blastContent.jsp?email_blast_K
EY=1086305&t=> 

 

President's FY 2010 Budget Requests a Doubling of the CDFI Fund
Appropriation:

Earlier this afternoon, President Obama unveiled his FY 2010 budget
outline <http://www.whitehouse.gov/omb/budget/> . The Budget requests a
doubling of the CDFI Fund allocation. Details are not yet available, but
we expect funding to be over $200 million. If agreed to by Congress,
this would be the highest appropriation level in CDFI Fund history.
Here's the link to the Treasury Budget outline
<http://www.whitehouse.gov/omb/assets/fy2010_new_era/Department_of_the_T
reasury.pdf> .

 

FY 2009 Omnibus Bill:

In October 2008, former President Bush signed a continuing resolution
(CR
<http://org2.democracyinaction.org/o/5172/blastContent.jsp?email_blast_K
EY=1080978&t=> ) to keep the Federal appropriation (including the CDFI
Fund) at the FY 2008 level until March 6, 2009. Earlier this week, the
House of Representatives voted on an Omnibus Bill that includes a $107
million appropriation for the CDFI Fund for FY 2009
<http://thomas.loc.gov/>  (search H.R. 1105).  This legislation included
$8.5 million for Native American programs, $2 million for a special
pilot project grant program, $14.75 million for administration and $7.5
million for direct loans.  The bill now moves to the Senate for
consideration and a vote is expected next week. 

 

 

CDFI Coalition
3240 Wilson Boulevard, Suite 220
Arlington, VA 22201
703.294.6970 phone
703.294.6460 fax
www.cdfi.org <http://www.cdfi.org> 

 

Join us March 1-3, 2009 in Washington, DC for the 2009 CDFI Institute!
<http://cdfi.org/index.php?page=institute-a> 

 

The CDFI Coalition is the unified national voice of community
development financial institutions. Our mission is to encourage fair
access to financial resources for America's underserved people and
communities.

 

Sign up to join the CDFI Coalition's ACTION NETWORK at www.cdfi.org
<http://www.cdfi.org/> . Receive important legislative updates,
information about funding opportunities, and news about the industry
directly in your inbox.

 

 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: /pipermail/circleup_lists.ournativecircle.org/attachments/20090226/fa36594d/attachment-0001.html