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ICBA and other groups urged Congress to continue to provide support for FY 2026 funding for the Community Development Financial Institutions Fund.
The groups asked lawmakers to support annual appropriations for FY 2026 at not less than the $324 million recently enacted for FY 2025 via the Full-Year Continuing Appropriations and Extensions Act, 2025. This includes an allocation for the Bank Enterprise Award (BEA) Program of not less than $40 million.
The topline request for the CDFI Fund represents a necessary continuation in funding levels, and it is justified by the significant demand and over subscription of the programs.