This afternoon, the Native CDFI Network (NCN) received communication from the White House Office of Intergovernmental Affairs within the Executive Office of the President that the U.S. Department of Treasury has affirmed its continuing support of the CDFI Fund in the wake of last Friday’s Executive Order (EO) by President Trump that targeted the Fund. Treasury’s message reads as follows:
“The CDFI Fund programs and related activities are statutorily authorized. The CDFI Fund is operating as normal and does not anticipate any disruptions to the programs. Senior leadership at Treasury has consistently expressed support for CDFIs.”
Last Friday’s EO prompted NCN, Oweesta Corporation, and 84 co-signatory Native CDFIs and Indian Country partners to send a joint letter to Treasury and Congress opposing the EO and calling on Treasury and Congress to protect the CDFI Fund and its key Indian Country programs, notably the Native American CDFI Assistance (NACA) program.
While today’s message is an encouraging development, NCN will continue to closely monitor developments impacting the CDFI Fund and NACA programs, including any potential staffing cuts at the Fund. NCN also reinforces the critical need for all Native CDFIs and key Indian Country partners to sign on to its joint letter requesting $50 million in FY 2026 funding for the NACA program. To read the letter, please click here. To sign on to the letter, click here.