On the recordJune 26, 2019
This amendment would increase the amount of funds dedicated to financial and technical assistance for the people with disabilities through community development financial institutions, or CDFIs. People with disabilities and their families face a range of financial challenges that often go unappreciated. In particular, they encounter barriers, accessing traditional financial services, accumulating wealth, and obtaining financing to buy a home, pay for an education, start a business, or buy an accessible vehicle. Just this morning, I met with my friend and constituent Peter and his family. Peter has a disability and has all kinds of important aspirations for himself. People with disabilities also face obstacles participating in the workforce. On average, they earn less than those without disabilities. At the same time, people with disabilities face higher debt-to-income ratios and greater expenses, and they are more likely to be unbanked or underbanked. The institutions that serve people with disabilities face similar challenges, including barriers to the capital they need to build and renovate affordable housing, community facilities, and work spaces. The consequences are direct and dire. According to the National Disability Institute, roughly one in three Americans with a disability lives in poverty, more than twice the average rate.…
Source
govinfo.gov




