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Committee questions nominee on community finance: CDFIs, opportunity zones, banks, and housing
Summary
Senators pressed Scott Bessent on community development finance institutions, community banks and Opportunity Zones as tools to support underserved areas and address housing and small‑business financing. Warner, Lankford and others sought commitments to use Treasury tools to expand access to capital.
Several senators raised community finance issues during Scott Bessent’s hearing, asking how Treasury would support access to capital in underserved communities and address the housing shortage.
Senator Mark Warner described past bipartisan investment in community development financial institutions (CDFIs) and asked how Treasury would view expansion, secondary markets or incentives to attract patient capital. Bessent said he viewed CDFIs as important to expanding access to capital and that private capital could be leveraged to scale…
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