@InesPolonius, @CommunitiesU: 3 Policy Recommendations for Congressional Consideration
1.The $1 billion dollars for the CDFI Fund as laid out in the Heroes Act on May 12th to capitalize the very CDFIs that support rural communities is an essential strategy for recovery.
2.Additional legislation in #COVID19 response to create dedicated funding streams for micropolitan areas and small towns with populations below 50,000, targeting rural health care infrastructure, struggling water and wastewater systems, rural small businesses
and minority-owned businesses is critical for an equitable recovery.
3.Finally, a strong and modernized Community Reinvestment Act (CRA) that incentivizes the banking industry to invest alongside us in rural communities is now essential for recovery.
The failure of the Paycheck Protection Program to reach rural businesses is the direct result of decades of bank divestment from rural communities across the country. #RuralMatters
