U.S. Secretary of the Treasury Janet L. Yellen to Announce $76 Million in Funding for Community Lenders as Part of 30th Anniversary Celebration of the Community Development Financial Institutions Fund

WASHINGTON – Today, as part of the 30thanniversary celebration of the Community Development Financial Institutions (CDFI) Fund, U.S. Secretary of the Treasury Janet L. Yellen is announcing $76 million in Technical Assistance (TA) awards for 256 CDFIs to build their capacity to provide financial products and services to low-income and underserved people and communities across America. The awards were made through the fiscal year (FY) 2024 funding round of the CDFI Program and Native American CDFI Assistance Program.In making this announcement, Secretary Yellen will note, “For 30 years now, the CDFI Fund has helped revitalize and strengthen communities across this country, benefitting all of us.”The CDFI Program and the NACA Program provide grants to build the operational capacity of CDFIs), including to provide training and education and to hire new staff to increase lending, empowering them to grow,