U.S. Sens. Mark R. Warner (D-VA) and Mike Crapo (R-ID), co-chairs of the Senate Community Development Finance Caucus, led a letter to the Trump administration signed by 23 senators emphasizing the bipartisan support for the Community Development Financial Institutions Fund (CDFI Fund), and highlighting the fund’s critical role in providing capital to underserved communities.

The CDFI Fund boosts economic growth in largely underserved communities that lack traditional access to financing, creating a public-private partnership to promote access to capital. Since 1994, the CDFI sector has grown to over 1400 institutions, located in every state and territory in the nation — and leveraging at least $8 in private sector investment for every $1 in public funding received.