This Program Makes Loans To Businesses In Distressed Areas: Trump Wants To Cut It
The Community Development Financial Institutions Fund is being zeroed out in the administration’s new budget. Here’s why it’s vital–especially to the president’s base.
Buried deep in President Trump’s federal budget proposal is a zeroing out of money for the Community Development Financial Institutions Fund. It barely registers in the grand scheme of the government budget, but cutting it puts a dagger in the heart of a highly successful effort to provide credit to struggling small towns and communities across America–the very places the president says he wants to help.
Source:: Fast Company



