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President Obama's FY 2010 Budget: A New Era of Responsibility - Doubles Funding for CDFI Fund
Lisa Hagerman, Monday, March 2nd, 2009
President Obama unveiled his FY2010 budget outline that requests a doubling of the CDFI Fund allocation expected to be at over $200 million making it the highest appropriation level in the CDFI Fund history. CDFI Fund Director Donna Gambrell comments:
"I am very pleased to know that President Obama views the CDFI Fund and the programs we administer as a key part of his strategy to address the economic challenges facing our nation’s low-income urban, rural and Native communities," said CDFI Fund Director Donna Gambrell. "With the additional funding made available through the Recovery Act, and the potential for doubling our appropriations through the fiscal year 2010 budget, I know that Community Development Financial Institutions and Community Development Entities will be responsible and active partners in President Obama’s efforts to restore opportunity and prosperity across this great country."
Learn more through the CDFI Coalition, that advocates on behalf of the CDFI industry and educates the public about community development finance, and at CDFI Coalition E-news: CDFIs Making an Impact! (2/26/09).
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