The Native CDFI Network (NCN) and their 27 sign-on partners, sent a letter to Congressional leadership and the U.S. Senate Community Development Finance Caucus. The intent of this letter to Congress is to show support for the Scaling Community Lenders Act of 2023 (S. 1442) and the Community Development Investment Tax Credit Act of 2023 (S. 2963).
Together, these two bills would dramatically boost investments in CDFIs across the country, in particular Native CDFIs, who contend with considerable unmet capital needs and longstanding challenges in attracting long-term, patient capital as they work to address the financing needs of Native nations, communities, businesses, homeowners, and consumers.
To learn more about the proposed legislation, click here.
To read the letter of support, click here.