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Blog

Category: News

News

House Endorses $1 Billion for CDFI Fund Grants; 37 Senators Also Signal Support

Updated May 15, 2020 On May 15, the House of Representatives passed the HEROES (Health and Economic Recovery Omnibus Emergency Solutions) Act…

May 13, 2020
News

Paycheck Protection Program: Update on CDFI Eligibility

Yesterday, OFN President and CEO Lisa Mensah and other members of the OFN team spoke with U.S. Treasury Deputy Assistant Secretary for…

May 7, 2020
Events, News

Save the Date—2020 Small Business Finance Forum: Virtual Edition!

This year, the Small Business Finance Forum takes place during a global pandemic. CDFIs—America’s financial first responders—are working tirelessly to provide COVID-19 relief…

May 5, 2020
News

Join the Fight to #KeepCDFIsStrong

We invite you to join OFN all year long in our campaign to #KeepCDFIsStrong! Through the campaign, we aim to rally the CDFI…

April 28, 2020
News

Shelterforce: CDFIs Are Helping Entrepreneurs with Criminal Records Build Credit

Recently community development publication Shelterforce highlighted the work of CDFIs and other nonprofits to support enptreneurs with criminal records. In the April 20 article, entitled “Making Loans…

April 23, 2020
News

CDFIs Call for $1 Billion in New CDFI Fund Grants as PPP Misses the Mark

Updated April 30, 2020 As Congress begins drafting “Phase 4” legislation to address the continuing health and economic impacts of COVID-19, OFN is strongly…

April 22, 2020
News

Wall Street Journal Article Highlights Barriers to CDFI Paycheck Protection Program Access

In an article published April 14 by The Wall Street Journal, reporter Amara Omeokwe highlighted the important role community lenders play in ensuring SBA Paycheck Protection Program…

April 14, 2020
News

The New York Times: OFN Advocates for More CDFI Participation in PPP

In the best of times, many black-owned business owners across the U.S. struggle to obtain bank financing to start or grow their…

April 13, 2020
News

ImpactAlpha: Community Banks Bridging Racial Gaps in COVID-19 Recovery

On April 9, impact investing news outlet ImpactAlpha published an article highlighting community development financial institutions (CDFIs) as “financial first responders” for small businesses most impacted…

April 9, 2020
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