CDFI Bond Guarantee Program Improvement Act of 2023

This bill improves the CDFI Bond Guarantee Program, which helps Community Development Financial Institutions (CDFIs) access long-term capital. It sets a minimum $25 million guarantee per bond issue while capping total annual guarantees at $1 billion. The program deadline is extended by four years from the enactment date. The bill requires annual reports to Congress on the program's effectiveness, focusing on how well it serves underserved communities and distressed areas. CDFIs using this program directly benefit from enhanced access to affordable capital for community development projects.