Today's Date: March 28, 2024
Cadence OTC Announces Community Investment Campaign to Support the Movement for Accessible Birth Control in Post-Roe America   •   Guo Guangchang: "Focus on building sustainable, predictable and enterprise with stable profit growth "   •   CYNTHIA BAILEY PARTNERS WITH KINDRA TO RAISE AWARENESS ABOUT VAGINAL HEALTH DURING MENOPAUSE   •   United Makes It Easier for Customers Who Use Wheelchairs to Book Flights That Can Accommodate Their Personal Device   •   Cardinal Tobin Blesses New Open-Air Mausoleum of the Holy Spirit Site   •   The Home Depot Announces Agreement to Acquire SRS Distribution, a Leading Specialty Trade Distributor Across Multiple Verticals;   •   Philip Morris International Demonstrates Clear Progress Toward Its Purpose as It Releases 2023 Integrated Report   •   Sprinklr Appoints Amitabh Misra as Chief Technology Officer   •   PRIVATE SCHOOL VILLAGE (PSV) AWARDS INAUGURAL ELEMENTARY-SCHOOL SCHOLARSHIPS   •   ¡BUENA! 'LOTERÍA FANTÁSTICA' BRINGS THE FIESTA WITH WORLDWINNER'S FIRST-EVER BILINGUAL GAME   •   Fox Lake Grade School District 114 Selects Varsity Tutors for Schools to Provide Students with Additional Learning Resources   •   Apogee Enterprises Schedules Fourth Quarter Fiscal Year 2024 Earnings Release and Conference Call   •   SunCoke Energy, Inc. Issues 2023 Sustainability Report   •   Leidos Partnership deploys electronic health record system to joint DOD-VA federal health care site   •   Lenzing strives to drive beneficial transformation across the value chain   •   SolarEdge Launches SolarEdge ONE Optimization Solution for Homeowners with a Dynamic Rate Plan in the Netherlands   •   Mark Cuban Backs Overplay, the No-Code Game Creation Platform, Following Shark Tank Appearance   •   Chris Diehl Returns to 101 Mobility as Director of National Accounts   •   Avnos and Deep Sky Forge Path to Gigaton-Scale Carbon Removal in Canada   •   Lightshift Energy Raises $100 Million From Greenbacker Capital Management to Expand Utility Scale Battery Storage Across North A
Bookmark and Share

President Obama’s Budget Request Doubles Funding for CDFI Funding Doubles under President Obama's Budget & CDFI updates websi

President Obama’s FY 2010 Budget Request Doubles Funding for CDFI Fund
February 26, 2009
[CDFI-2009-9]

President Obama’s FY 2010 Budget Request Doubles Funding for CDFI Fund

Washington, DC – Today, President Obama released the funding highlights for the Administration’s fiscal year 2010 budget titled A New Era of Responsibility – Renewing America’s Promise, requesting to double funding for the CDFI Fund.  The President’s Budget recognizes the critical work being accomplished by the CDFI Fund to promote economic prosperity and states the following:     

Expands job-creating investments and access to credit in disadvantaged communities by doubling funding for the Community Development Financial Institutions Fund.”

 

Expands Lending in Disadvantaged Communities. The Budget expands lending in underserved neighborhoods by doubling funding for the Community Development Financial Institutions (CDFI) Fund. Through merit-based grant programs, the CDFI Fund helps locally based financial institutions offer small business, consumer and home loans in communities and populations that lack access to affordable credit.”

“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.”

The CDFI Fund anticipates further detailed information on the budget will be made available by the White House this spring.

Links

The full FY 2010 budget can be found at:
http://www.whitehouse.gov/omb/assets/fy2010_new_era/A_New_Era_of_Responsibility2.pdf

The Treasury section of the FY 2010 budget can be found at:
http://www.whitehouse.gov/omb/assets/fy2010_new_era/Department_of_the_Treasury.pdf

__________________________________________________________________________________________________________________________

 

To comply with requires related to the American Recovery and Reinvestment Act (the Recovery Act), the CDFI Fund has created a new section to its public website that will be the source of all information related to the CDFI Fund’s implementation of the Recovery Act.

The new webpage is located at:
http://www.cdfifund.gov/recovery/.

The CDFI Fund will be releasing its detailed implantation plan, via this new webpage, in the very near future.



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News