[CircleUp] President's FY 2011 Budget Proposes 20% Increase for CDFI Fund's Native Initiatives

[Heidi Davis]

President's 2011 Budget Requests $250 Million for Treasury's CDFI Fund 

February 1, 2010

 

Washington, DC - Today, President Obama released the fiscal year (FY)
2011 Budget proposal, which includes $250 million for the U.S.
Department of the Treasury's Community Development Financial
Institutions Fund (CDFI Fund).

 

"President Obama's strong support for the CDFI Fund and the New Markets
Tax Credit in his budget will help to bring jobs and hope to America's
distressed communities," said Treasury Assistant Secretary for Financial
Institutions Michael Barr.

 

For highlights (including the 20% increase for Native Initiatives) and
links to the proposed budget, visit
http://www.ournativecircle.org/node/1413.

 

 

 

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