Durbin Announces $620 Million In Federal Funding For Economic And Community Development

Statement

U.S. Senator Dick Durbin (D-IL) today announced $620 million in federal funding to spur economic and community development in distressed and low-income communities across Illinois. This funding, provided through the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund), will provide resources for local jobs, community facilities, and safe and affordable housing.

"Investing in economic and community development in some of Illinois' hardest hit communities will boost small businesses, diversify and expand our nation's workforce, and help grow our economy, especially in underserved communities. A tremendous number of organizations across Illinois are doing great work to assist local businesses, in turn creating jobs, building healthy neighborhoods, and helping provide economic stability for families across this great state," said Durbin.

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