Norton Supports CDFI

DC Congresswoman Eleanor Holmes Norton submitted a letter in support of robust funding for the Community Development Financial Institutions (CDFI) Fund in the FY 2020 budget. 
114 dg dc norton eleanorAt the request of the Association, Congresswoman Norton wrote to the House Financial Services and General Government Appropriates Subcommittee which has jurisdiction over the CDFI budget. President Trump, as he has done for the previous two budgets, has again proposed eliminating funding for grants and loans issued by the CDFI Fund. Congress fully funded the program at $250 million in both FY 2018 and FY 2019. Locally, Democracy FCU, DC Credit Union, MECU and Montgomery County Employees FCU are CDFI-certified institutions.