Partners for Rural Transformation Urges Administration to Continue Support for CDFI Fund
MONDAY, Nov. 3, 2025 – The Partners for Rural Transformation (PRT) released the following statement urging the Administration to continue to support the Treasury Department’s Community Development Financial Institutions (CDFI) Fund.
The CDFI Fund has a long tradition of bipartisan support for its work driving economic opportunity across the country, including the more than 100 Republicans, led by Senator Mike Crapo (R-Idaho) and Congresswoman Young Kim (CA-40), and the more than 100 Democrats, led by Congresswoman Maxine Waters (CA-43) and Congressman Bill Foster (IL-11), urging the Administration to continue carrying out the statutory obligations of the Fund. PRT stands ready to work with federal policymakers to ensure that capital flows into the hardest to reach rural communities in the country.
“Rural and native communities already face barriers to accessing the tools and resources they need to thrive, and the CDFI Fund’s certification and funding is critical to overcoming those barriers. Without the CDFI Fund and its staff, investments that would be building affordable housing and new infrastructure, increasing access to health care, or helping a new small business open among many other community-driven investments have ground to a halt.
“Without continued support for this important work, rural communities will be left behind. Partners for Rural Transformation is urging the Administration to restore the CDFI Fund to spur investments in our rural and native communities.”
CDFIs, with the support of the CDFI Fund and its staff, bring reliable capital access to rural and unserved communities without access to traditional banking services. Since 1994, the CDFI Fund has granted over $8 billion and provided $81 billion in tax credits, planting the seed for strong local economies that can scale economic development solutions in rural and native communities and support their goals and visions.
The Partners for Rural Transformation is a coalition of six community-rooted CDFIs with national reach and more than 250 years of combined experience in rural development. Guided by the voices of local people, PRT pools resources, shares innovations, and deploys capital at scale to deliver community-led solutions that are sustainable, replicable, and cost-effective across regions facing persistent poverty.
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