Emanuel Cleaver: “I commend the administration's and Mr. Frank's leadership in recent proposals to increase CDFI fund investments and the…”

“I commend the administration's and Mr. Frank's leadership in recent proposals to increase CDFI fund investments and the launch of two new initiatives within the CDFI program to improve the health and economic viability of low-income communities. However, nonprofit loan funds that serve credit-starved communities were left out of many of these initiatives. This bill was my attempt to right that wrong. I look forward to working together to ensure that nonprofit community development loan funds are provided an adequate opportunity to participate.”