Biden Proposes Increase in NCUA’s Community Development Revolving Loan Fund

Biden Proposes Increase in NCUA’s Community Development Revolving Loan Fund

David Baumann of the Washington CU Daily reports that President Biden’s FY22 Budget proposal includes an increase to the NCUA’s Community Development Revolving Loan Fund program by $500,000 as well as a 22.2% increase for the Community Development Financial Institutions program.

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