Local lenders who rely on the federal program are bracing for the potential loss. Plus, a first-time homebuyer in Anchorage, Alaska, and other world leaders who have championed tariffs.
In mid-March, President Donald Trump deemed the Community Development Financial Institutions Fund “unnecessary.” Community lenders are bracing for a possible future without it.
“Closing was very emotional,” said Savannah Melendez of Anchorage, Alaska. “I remember at one point looking over and seeing tears in my mom's eyes, and that I had to bite my cheeks to not cry with her.”