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Community Development Financial Institutions (CDFI) Fund (CRS Report for Congress)

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Release Date Dec. 10, 2001
Report Number RS20972
Report Type Report
Authors Pauline Smale, Government and Finance Division
Source Agency Congressional Research Service
Summary:

The Community Development Financial Institutions Fund was established by P.L. 103-325. The purpose of the Fund is to provide credit and investment capital to distressed urban and rural areas by investing in and supporting community based organizations. The Fund's programs also encourage banks and thrifts to expand their activities in distressed communities.