Scaling Community Lenders Act of 2023

This bill increases federal funding to support community development lenders by expanding the Fund's ability to purchase loans from or provide guarantees to community development financial institutions (CDFIs). It raises annual funding from $5 million to $20 million and authorizes $100 million total, allowing non-CDFI organizations (like community development corporations) to also qualify for assistance if they promote community development. The Fund must prioritize organizations demonstrating experience with loan structures or capacity to increase loan volumes, especially for underserved communities. Annual reports will track how funds boost CDFI liquidity, competitiveness, and access to capital for borrowers with unmet financial needs.