# § 4701. Findings and purposes
**(a)** **Findings** The Congress finds that—
**(1)** many of the Nation’s urban, rural, and Native American communities face critical social and economic problems arising in part from the lack of economic growth, people living in poverty, and the lack of employment and other opportunities;
**(2)** the restoration and maintenance of the economies of these communities will require coordinated development strategies, intensive supportive services, and increased access to equity investments and loans for development activities, including investment in businesses, housing, commercial real estate, human development, and other activities that promote the long-term economic and social viability of the community; and
**(3)** community development financial institutions have proven their ability to identify and respond to community needs for equity investments, loans, and development services.
**(b)** **Purpose** The purpose of this subchapter is to create a Community Development Financial Institutions Fund to promote economic revitalization and community development through investment in and assistance to community development financial institutions, including enhancing the liquidity of community development financial institutions.
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**Source Credit**: (Pub. L. 103–325, title I, § 102, Sept. 23, 1994, 108 Stat. 2163.)
## Editorial Notes
### References in Text
This subchapter, referred to in subsec. (b), was in original “this subtitle”, meaning subtitle A of title I of , , , which is classified principally to this subchapter. For complete classification of this subtitle to the Code, see Short Title note below and Tables.
## Statutory Notes and Related Subsidiaries
### Short Title
> “This Act [see Tables for classification] may be cited as the ‘Riegle Community Development and Regulatory Improvement Act of 1994’.”
, , , provided that:
> “This subtitle [subtitle A (§§ 101–121) of title I of
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> , enacting this subchapter and
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> , amending sections 1766 and 1834a of this title,
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> , Government Organization and Employees,
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> set out in the Appendix to Title 5,
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> , Crimes and Criminal Procedure, and
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> , Money and Finance, and enacting provisions set out as a note under
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> set out in the Appendix to Title 5] may be cited as the ‘Community Development Banking and Financial Institutions Act of 1994’.”
, , , provided that: