NCN and 53 Native CDFIs/Partners Submit Joint Letter Opposing Administration’s Plan to Withhold FY 2025 Funding for the CDFI Fund’s Native CDFI Assistance (NACA) Program

The Native CDFI Network (NCN) joined together with 53 Native CDFIs and key Indian Country partners to submit a joint letter to Congressional leaders and key Administration officials protesting the Trump Administration’s plan to withhold a total of $24 million in funding for qualified Native CDFIs (a reduction of 86%).

URGENT: Calling on All Native CDFIs and Partners to Oppose Administration’s Plan to Withhold FY 2025 Funding for the CDFI Fund’s Native CDFI Assistance (NACA) Program

The Native CDFI Network (NCN) recently learned that the Trump Administration intends to obligate only $4 million of the $28 million in federal funding that Congress recently appropriated for the CDFI Fund’s Native CDFI Assistance (NACA) Program for FY 2025, meaning it plans to withhold a total of $24 million in funding for qualified Native CDFIs (a reduction of 86%).

President Trump Releases Detailed FY 2026 Budget Proposal; Treasury Budget Eliminates NACA Program

Over the weekend, most federal agencies released detailed FY 2026 budget justifications pursuant to the basic parameters President Trump included in his Discretionary Budget Request overview in early May. As expected, the U.S. Department of the Treasury’s Congressional Justification features a 90% reduction in funding for the CDFI Fund from its FY 2025 funding level of $324 million to just $33 million for FY 2026.

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