8.5.22
New Bipartisan Congressional Caucus Increases Support for CDFIs and MDIs
On August 1, Sen. Mark Warner (D-VA) and Mike Crapo (R-D) announced the formation of a bipartisan Congressional caucus aimed at supporting Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs), which have been receiving growing attention and significant increases in funding from the Biden Administration in the last two years. The objective, according to Sen. Warner’s press release, is to “provide access to capital in underserved communities.”