Request for Program and Policy Input on the Capital Magnet Fund

September 5, 2023

The African American Alliance of CDFI CEOs (the Alliance) is pleased to submit comments regarding how the CDFI Fund may enhance and improve the Capital Magnet Fund (CMF). The Alliance is a national membership-based organization with a mission to empower Black communities by promoting economic stability, wellbeing, and wealth. Leveraging a network of 77 Black-led Community Development Financial Institutions (CDFIs), the Alliance is working towards establishing power and promoting equal economic opportunity for Black individuals, families, and communities across all 50 states.