The administration has proposed cutting the Community Development Financial Institutions Fund (CDFI) from $324 million to $119.5 million in fiscal 2027, a 63% reduction from the level Congress enacted for 2026. The justification centers on waste, fraud and abuse, along with a push to redirect capital toward rural communities. That framing misses the point.

If the goal is accountability, then enforce it. If the goal is efficiency, then measure it. Cutting the program at this scale does neither. It reduces capacity without fixing the underlying issues that critics are pointing to.

This is not a cost-cutting decision. It is a structural decision details ⇒

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