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House Bill Would Hold CDFI Fund at $324M for FY26

Posted by on January 12, 2026

In the most recent versions of budget bills being considered by Congress, lawmakers plan to allocate $324 million to the Community Development Financial Institutions (CDFI) Fund for FY26, matching last year’s funding level. This decision reverses earlier proposals to eliminate the fund during the federal shutdown and in the White House’s FY26 budget. 

The House Appropriations Committee initially proposed $276.6 million but has since increased that number to full funding. The Senate Financial Services and General Government bill also includes the same amount. Additionally, the committee reinstated the Community Development Revolving Loan Fund (CDRLF) with $3.4 million for technical assistance grants to be administered by the NCUA. 

The CDFI Fund supports credit unions serving low-income and underserved communities through grants, certifications, and access to capital. Credit unions represent the largest group of certified CDFIs, representing 444 of 1,375 nationwide. 

GoWest Credit Union Association has advocated for Congress to provide full funding and staffing for the CDFI Fund. Our engagement, alongside America’s Credit Unions and other stakeholders, underscores the sector’s commitment to strengthening community development resources for credit unions. GoWest will continue to advocate for fully funding the CDFI Fund as both budget bills progress.

Posted in Advocacy on the Move, Regulatory Advocacy.

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