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The National Bankers Association (NBA) is deeply concerned by the White House’s proposal to eliminate all appropriated funding for the Community Development Financial Institutions (CDFI) Fund in the FY2027 budget. This represents a direct threat to the infrastructure that supports economic growth nationwide.

For decades, the CDFI Fund has been a cornerstone of bipartisan investment, mobilizing private capital to reach small businesses, first-time homebuyers, and underserved communities nationwide. CDFI Fund investments are not theoretical, they deliver measurable results. When paired with private capital, these funds generate outsized economic and social returns, driving job creation, expanding access to credit, and supporting housing and community development.

Eliminating this funding undermines the very goal of broad-based economic growth. At a time marked by rising costs, constrained credit, and widening disparities, reducing support for proven, market-based solutions risks leaving Main Street behind.

We urge the Administration to work with Congress to maintain and strengthen this critical investment in our nation’s economic future.

The National Bankers Association stands ready to work with policymakers on both sides of the aisle to protect and expand the tools that make inclusive economic growth possible.