| Bill | S 1880 |
|---|---|
| Type of Legislation | Senate Bill |
| Congress | 119 |
| Status | Active |
| Source | View original on Congress.gov |
Description
CDFI Bond Guarantee Program Improvement Act of 2025
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.
Bill Title
CDFI Bond Guarantee Program Improvement Act of 2025
Linked Goals
Steps
- 2025-05-22: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2025-05-22: Introduced in Senate
Projected Outcome
A more informed proposal or public response aligned with the Promote General Welfare goal.