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Help Protect Funding for Banks and Credit Unions That Build Communities
March 8, 2011
On February 12, the House of Representatives approved a spending bill that includes only $50 million for the CDFI Fund — a devastating 80% cut from the $247 million allocated last year.
Community development financial institutions like the ones in the portfolio of the Domini Social Bond Fund invest directly in underserved communities, helping people buy homes and start small businesses. The CDFI Fund provides them with vital support in that important work.
Join us, and the Opportunity Finance Network, in protecting the CDFI Fund. It will take less than five minutes to visit http://bit.ly/g685rv and send your message. Please take a moment to do so today.
The Domini Social Bond Fund is not insured and is subject to market risks, including interest rate and credit risks. During periods of rising interest rates, bond funds can lose value. The Domini Social Bond Fund currently holds a large percentage of its portfolio in mortgage-backed securities. During periods of falling interest rates, mortgage-backed securities may prepay the principal due, which may lower the Fund’s return by causing it to reinvest at lower interest rates. Some of the Domini Social Bond Fund's community development investments may be unrated and carry greater credit risks than its other investments.