LIIF Joins Allies to Urge Support for the Capital Magnet Fund

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The Low Income Investment Fund (LIIF) is proud to join 118 organizations in signing a letter to Congress urging support for the Capital Magnet Fund (CMF). The budget outline provided by President Trump last month proposes to eliminate key programs at the Department of Treasury and Department of Housing and Urban Development, including the CMF. A bipartisan initiative, the CMF has succeeded in generating new investment, affordable homes and jobs in low income communities across the nation.

Today’s letter underscores the broad support for CMF across the nation. The signatories represent organizations from rural and urban communities in 30 states and sectors ranging from community development to affordable housing to health. This, alongside data released by the Community Development Financial Institutions Fund in April, illustrates the impact of CMF, including creating 15,000 jobs and producing 10,800 affordable homes.

To learn more about LIIF’s advocacy efforts and ways to get involved with the campaign to protect the CMF, contact Jonathan Harwitz, Managing Director of Federal Policy & Government Affairs at jharwitz@liifund.org.