H.R. 10422, also known as the “CDFI Bond Guarantee Program Improvement Act of 2023,” aims to enhance the Community Development Financial Institutions (CDFI) bond guarantee program, part of the Community Development Banking and Financial Institutions Act of 1994. The bill...
Simple Explanation
H.R. 10422 is a plan to change the rules so that big community projects can get more money faster, but it might be tricky for smaller projects to join in. It also wants to check if the project money is being used well in about a year and three years after it starts.