WASHINGTON — U.S. Sens. Mark R. Warner (D-VA) and Mike Crapo (R-ID), co-chairs of the bipartisan Senate Community Development Finance Caucus (CDFC), released the following statement after the Treasury Department’s CDFI Fund announced that it would update its timeline for rolling out the new CDFI Certification Application and likely revise the version that was released for public comment in the Federal Register on November 4, 2022:

“We are pleased to see the CDFI Fund postpone the launch of the new CDFI Certification Application beyond the previously anticipated April timeline in order to carefully review and weigh all public comments. As we indicated in our letter to Treasury, it is critical that the CDFI Fund provide adequate time to receive and consider comments on the proposed changes to avoid unintended consequences and ensure that its programs reflect the perspectives, and meet the needs of the low-income, underserved and rural communities the Fund was created to serve.”