Gregory Meeks: “The CDFI Fund leverages limited government funding to crowd-in significant private sector capital and foster innovation…”

“The CDFI Fund leverages limited government funding to crowd-in significant private sector capital and foster innovation, investments, and market-oriented solutions to tackle some of our Nation's most persistent challenges in poverty alleviation. This program has earned strong bipartisan support historically and proven itself immensely valuable during this pandemic. Let me also say that what this does is it also helps our small businesses in the communities and helps create wealth in communities where it is not. With the homeownership aspect, it encourages individuals to buy, to own the home and to rent the car because the home becomes an appreciating asset and the car the depreciating asset. It brings us all together so we can enjoy what has become the American Dream. Let me close by once again thanking my colleagues for their bipartisan support for this important legislation. I thank all of my colleagues for working together to make this a better place, and I urge all of my colleagues to vote in support of this bill.”