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Blog

Category: News

News

OFN Awards 70 COVID-19 Grants to Smaller Member CDFIs

OFN is pleased to announce 70 awardees of the COVID-19 CDFI Grant Program, totaling $4.9 million in funding. Generously supported by Morgan Stanley, this program aims to deliver critically-needed flexible…

November 2, 2020
News

OFN President and CEO Lisa Mensah Amplifies the CDFI Message

OFN’s President and CEO Lisa Mensah continues to amplify the CDFI voice boldly and broadly as CDFIs work deeply in rural, urban…

October 30, 2020
News

Inez Long Receives Ned Gramlich Award for Advocacy of Black-owned Businesses

Opportunity Finance Network (OFN) announced that respected financial crusader Inez Long has been named recipient of the 2020 Ned Gramlich Lifetime Achievement Award…

October 22, 2020
News

Urban Institute Essay Series Explores Federal Strategies to Support Inclusive Neighborhoods

The Opportunity for All project is based on a simple premise: every family should live in a neighborhood that supports their well-being and their…

October 16, 2020
News

Federal Reserve Publishes Results from COVID-19 CDFI Survey

From July 20 through August 14, 2020, the Federal Reserve fielded the COVID-19 CDFI Survey. The effort gathered information from 229 CDFIs on…

October 16, 2020
News

Policies to Require Transparency in Small Business Lending Gain Momentum

In recent months, policymakers at the federal and state level have made strides to provide greater transparency and oversight of the small…

October 14, 2020
News

CFPB Moves Forward on Small Business Lending Data Collection Rule

More than a decade after the passage of the Dodd-Frank Act, the Consumer Financial Protection Bureau (CFPB) is moving towards a rulemaking…

October 14, 2020
News

CDFI Fund Proposes Substantial Changes to Certification Application

The CDFI Fund is accepting comments on the proposed changes to the CDFI certification application, the first major changes in certification policy since the…

October 14, 2020
News

OFN Members Receive $110.5 Million from the CDFI Fund

On September 24, the Community Development Financial Institutions Fund (CDFI Fund) awarded $204.1 million in grants and loans to 397 community development…

September 24, 2020
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