Political Quotes

“I want to again thank the chairman and ranking member of the subcommittee for the work that they are doing on H.R. 5016. I want to indicate that I think this is an important amendment, as was the previous one. It increased funding by $500,000 to the Community Development Financial Institutions Fund program for people receiving financial assistance and for the responsibilities that this very important subagency has. Treasury's Community Development Financial Institutions Fund program administers the Community Development Financial Institutions Fund, the CDFI. Through its various programs, the CDFI Fund enables locally-based organizations to further goals such as: economic development--job creation, business development, and commercial real estate development; affordable housing--housing development and homeownership; and community development financial services--provision of basic banking services to underserved communities and financial literacy training. The good news, Mr. Chairman, is that this spreads across the Nation, regardless of whether you are an urban center or whether you are a rural center, in particular, through these programs, direct investment in supporting and training financial institutions that provide loans, investment financial services, and technical assistance to underserved populations and communities.…”