CDFI Fund Programs Received $230.5 million in Appropriations

December 22, 2014  |   CDVCA Ventures Blog   |     |   Comments Off on CDFI Fund Programs Received $230.5 million in Appropriations

CDFI Fund programs received $230.5 million in appropriationsĀ as President Obama signed into law the FY 2015 Omnibus spending bill. The CDFI Fund programs appropriation has $152.4 million set aside for Financial and technical Assistance grants and $22 million for the Healthy Foods Financing Initiative. Remarkably, the bill waives the match requirement for FY ’15 FA awards made to small and/or emerging CDFIs or Native CDFIs and both the match and the three-year grant cap are waived for HFFI applicants. This has been the largest appropriation for the CDFI Fund in five years.

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