№ files_lp_3_process_9_46080
Native CDFIs are critical mission-driven institutions serving the economic development needs of Native communities, relying on federal funding like NACA to build capacity and drive growth.
Date: May 7, 2025
Recipient: The Honorable Susan Collins, Chair U.S. Senate Appropriations Committee
Note: Recipient The Honorable Tom Cole, Chair U.S. House Appropriations Committee
Sender: [Organization Name]
Subject: President Trump’s FY 2026 Budget Request Defunding the CDFI Fund and Native American CDFI Assistance (NACA) Program
Keywords: CDFI Fund, NACA Program, FY 2026 Budget Request, Native American CDFIs, Economic Development
Organization: [Organization Name]
Purpose of Organization: [phrase summarizing your organization’s purpose]
Primary Concern: Reduction in funding for the CDFI Fund and NACA Program
Requested Action: Reject the proposed budget cuts and increase funding for NACA Program to $50 million for FY 2026
Target Audience: U.S. Congress, policymakers, Native CDFIs, Native communities
Period of Concern: FY 2026 Budget Request
Geographical Focus: Native communities, rural America
Related Programs: CDFI Fund, NACA Program, Rural Financial Award Program
Funding Levels: CDFI Fund FY 2025: $324 million, Proposed FY 2026: $33 million
Unmet Needs: $166 million for Native CDFIs, $43.2 million (70%) of requested NACA Base-FA funding awarded for FY 2024
Supporting Evidence: 2022 NCN survey of 16 Native CDFIs, Treasury Department’s return on investment report
Price: 8 / 10 USD
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