CDFI Bond Guarantee Program Improvement Act of 2025
Introduced May 22, 2025 by Sen. Tina Smith
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
This bill reauthorizes the Community Development Financial Institutions (CDFI) Bond Guarantee Program for four years and revises it to allow for a greater number of participants.
CDFIs are financial institutions serving low-income communities. Designation as a CDFI allows an institution to participate in programs such as the CDFI Bond Guarantee Program. The program provides CDFIs with financing for community and economic development projects through federal credit subsidies that allow CDFIs to issue bonds.
The bill (1) reduces the program’s minimum loan amount from $100 million to $25 million, (2) eliminates the cap on the annual number of guarantees, and (3) revises the maximum amount that may be held in a CDFI's relending account for secondary loans.
Summary by the Congressional Research Service.
No floor votes yet — it hasn't reached the floor of either chamber.