The CDFI Fund was authorized by Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. The act created a new agency providing funding to individual CDFIs and their partners through a competitive application process. Several years later, the New Markets Tax Credit was authorized as part of the Community Renewal Tax Relief Act of 2000.
Today, the CDFI Fund manages a half dozen programs. CDFI Fund awardees and allocatees deliver over $10 billion dollars of annual community development activity benefiting low-income communities and families.
Please join the NMTC Coalition in celebrating 25 years of the CDFI Fund. Use the hashtag #CDFIFund25 on social media and share your best CDFI Fund stories.