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CDFI to review its 15 year-old authorizing statute
WASHINGTON (3/3/10)--As it enters its fifteenth year of existence, the U.S. Treasury’s Community Development Financial Institutions (CDFI) Fund is “undertaking a holistic review” of its “entire authorizing statute,” and has asked the public to comment on its operations. The CDFI Fund is inviting “potential CDFI applicants, community development trade groups and members of the general public” to comment on the CDFU, with a specific request for input on the CDFI Fund’s “Financial and Technical Assistance awards, the Native American CDFI Assistance awards, the Bank Enterprise Awards, and CDFI certification, among other areas.” In the release, CDFI Fund Director Donna Gambrell encouraged the public “to provide detailed comments that will be used to formulate future policy and legislative proposals that will increase our support to CDFIs.” The comments, which will aid the CDFI Fund as it examines whether any “technical corrections, substantive changes, or new provisions” should be added to its authorizing statute, must be made by April 1. The CDFI Fund said it is also planning to gather additional commentary through a series of “national listening sessions” that will be held in economically distressed communities. For the full release, use the resource link.
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