CDFI Bond Guarantee Program Improvement Act of 2025
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No action recorded in 1 year, 2 months. The structural status reflects an earlier milestone, not current activity.
This bill reauthorizes the Community Development Financial Institutions (CDFI) Bond Guarantee Program for four years and revises it to allow for a greater number of participants. CDFIs are financial institutions serving low-income communities. Designation as a CDFI allows an institution to participate in programs such as the CDFI Bond Guarantee Program. The program provides CDFIs with financing for community and economic development projects through federal credit subsidies that allow CDFIs to issue bonds. The bill (1) reduces the program’s minimum loan amount from $100 million to $25 million, (2) eliminates the cap on the annual number of guarantees, and (3) revises the maximum amount that may be held in a CDFI's relending account for secondary loans.
Filed in the Senate
This senate bill has been filed and is working its way through Congress. It will need to pass both the Senate and the House, then be signed by the President to become law.
Who introduced this
Tina Smith
DemocratU.S. Senator · MN
Bipartisan — 12 cosponsors (6 D, 6 R)
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