WASHINGTON--In a win for credit unions and the communities they serve House legislation released over the weekend would appropriate $324 million for Treasury’s Community Development Financial Institution (CDFI) Fund for FY26, America’s Credit Unions reported, noting it has consistently advocated for the amount—the same as FY25—in its work with Congress, including in a recent letter to the House Appropriations Committee.
The Senate Financial Services and General Government bill also provides $324 million for the CDFI Fund.
The fund was originally zeroed out in the White House’s FY26 budget proposal, and the House Appropriations Committee-passed version provided $276.6 million, pointed out ACU, which emphasized it has consistently advocated for full staffing of the CDFI Fund.
The fund awards grants to assist affordable housing, homeownership, small business growth, and more through certified CDFIs. Credit unions make up the largest group of certified CDFIs with 444 of 1,375 as of Oct. 25.
As CUToday.info previously reported, the Defense Credit Union Council has urged full staffing and full funding of the CDFI Fund.