Trump Administration's Attack on Low-Income Communities
The Trump administration has eliminated the entire staff of the Treasury Department's Community Development Financial Institutions (CDFI) Fund, effectively freezing 11 programs that support small businesses, working families, and neighborhoods nationwide.
- Supports small business owners in securing capital
- Supports affordable housing
- Finances essential infrastructure
Last year, the CDFI Fund supported nearly 110,000 businesses and over 45,000 affordable housing units.
This is more than bureaucratic reshuffling — it’s an assault on one of the most effective and bipartisan vehicles for community investment in America.
Author's summary: Trump administration attacks low-income communities by eliminating CDFI Fund staff.
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