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Financial Support for Community Development Institutions

This act aims to enhance the financial liquidity of institutions supporting local community development, potentially leading to easier access to loans and financial services for residents. The changes will enable greater investment in local projects, such as housing construction or small business development, especially in areas with limited access to capital.
Key points
Increased maximum financial assistance for organizations from $5 million to $20 million.
Empowering the Fund to purchase loans and provide guarantees, boosting liquidity for community development institutions.
Prioritization of organizations supporting broad geographic coverage or serving communities with unmet financial needs.
Requirement for annual reports to Congress on fund utilization and impact on institutional competitiveness and liquidity.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2718
Sponsor: Sen. Warner, Mark R. [D-VA]
Process start date: 2025-09-04
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A bill to amend the Community Development Banking and Financial Institutions Act of 1994 to provide for capitalization assistance to enhance liquidity.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_2718.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-09-04.

What are the main provisions?

Key points include:

  • Increased maximum financial assistance for organizations from $5 million to $20 million.
  • Empowering the Fund to purchase loans and provide guarantees, boosting liquidity for community development institutions.
  • Prioritization of organizations supporting broad geographic coverage or serving communities with unmet financial needs.
  • Requirement for annual reports to Congress on fund utilization and impact on institutional competitiveness and liquidity.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Warner, Mark R. [D-VA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy Public Investments Real Estate