The CDFI Fund is one of the federal government’s most successful efforts to translate public investment into additional private dollars. Since its inception in 1995, it has invested more than $900 million, and, on average, leveraged between $19 and $27 in other private sector investment for each dollar invested. To support this lending, leverage, and the resulting increased economic activity in low-income areas, IFF supports increased funding for the Treasury Department’s CDFI Fund.

Recognizing the critical financing that CDFIs are providing during the current financial crisis, President Obama’s budget for fiscal year 2010 proposes $243.6 million for the U.S. Treasury Department’s CDFI Fund – more than double last year’s appropriation.

View the President’s budget request for the CDFI Fund here.

Write your Senator and Member of Congress and ask them to support the President’s proposal here.