CRAPO ENCOURAGES COMMUNITY LENDERS TO APPLY FOR CDFI FUNDING FOLLOWING OMB RELEASE OF GRANT APPLICATIONS

WASHINGTON, July 2 -- Sen. Mike Crapo issued the following news release:

U.S. Senator Mike Crapo (R-Idaho) encourages Community Development Financial Institution (CDFI) lenders in Idaho and across the country to apply promptly for federal funding after the U.S. Office of Management and Budget (OMB) released long-awaited Notices of Funding Availability (NOFAs) and application materials for the CDFI Fund's Bank Enterprise Award (BEA) and Small Dollar Loan (SDL) programs.

The OMB released application materials Tuesday following a June letter (https://www.hydesmith.senate.gov/sites/default/files/2026-06/060826%20Letter%20to%20OMB%20re.%20BEA%20and%20SDL.pdf) led by Senators Mike Crapo, Cindy Hyde-Smith (R-Mississippi) and eight additional Sen...