Remarks by Secretary of the Treasury Janet L. Yellen at the Community Development Advisory Board Meeting Celebrating the CDFI Fund’s 30th Anniversary

As Prepared for Delivery Thank you. I am very glad to join you to mark the 30th anniversary of the Community Development Financial Institutions Fund with this Community Development Advisory Board meeting. Let me start by thanking my fellow government representatives for serving alongside me and the private citizens appointed to serve with us—both those who have been serving and the four new members joining us today. Your expertise and commitment are critical to strengthening the CDFI Fund’s work. Three decades ago, President Clinton worked to establish the CDFI Fund with bipartisan support from Congress to advance the goal of promoting economic revitalization and community development. Since then, the CDFI Fund has awarded more than $7 billion to CDFIs and mission-driven lenders and $76 billion in tax credits to community development entities.