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Showing 1 post tagged Capital Magnet Fund (CMF).
Shaky Ground for CDFIs: New Executive Orders Bring Uncertainty
Since assuming office on January 20, 2025, President Donald Trump has implemented a series of significant measures aimed at drastically reducing spending across the federal government. These efforts have the potential to dramatically alter states’ reliance on federal grant funding to support a wide range of programs that assist economically disadvantaged communities. In particular, President Trump’s recent executive order targeting the Community Development Financial Institutions Fund (CDFI Fund) not only raises concerns for Kentuckians who depend on its financial assistance for community based financial institutions, as well as for small businesses and infrastructure projects that benefit from the Fund’s incentives and investments. More >
