CDFI Fund receives full allocation for 2026

The spending bill signed into law this week fully funds the Community Development Financial Institutions Fund for 2026.

Details: The Consolidated Appropriations Act (H.R. 7148), which ended a partial government shutdown and funds federal operations in several areas through Sept. 30, allocates $324 million for the CDFI Fund this year, the same amount as 2025.

Recent Actions: In December:

• Members of Congress strongly supported community development financial institutions in budget discussions.

• More than 100 congressional Republicans pushed back on a decision to fire CDFI Fund employees during the government shutdown.

• The Treasury Department responded that all CDFI Fund reductions in force were rescinded as part of November's legislation reopening the government.

New Article: The latest Independent Banker magazine details how CDFIs and minority depository institutions weather potential funding cuts and regulatory shifts and continue to help underserved communities.

ICBA Support: ICBA and other groups in October urged the administration to reconsider actions to eliminate CDFI Fund resources. In a national news release, ICBA cited the harmful economic impact of eliminating the CDFI Fund and urged continued support from policymakers.