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Blog

Category: News

News

BlueHub Loan Fund Secures $75 Million in Inaugural Public Bond Issuance

OFN member BlueHub Loan Fund announced on January 31, 2020, that it has completed its first public debt offering, a $75 million Sustainability Bond—$56.25 million…

February 10, 2020
News

Representative DeSaulnier Introduces Equitable Transit Oriented Development Act

On February 7, Representative Mark DeSaulnier (D-CA) introduced the Equitable Transit Oriented Development Act (H.R. 5783), which would make community development financial…

February 9, 2020
News

Congress Holds Hearings on OCC-FDIC Community Reinvestment Act Reform Proposal

On January 29, Comptroller of the Currency Joseph Otting appeared before the House Financial Services Committee for a contentious hearing entitled “The Community Reinvestment Act:…

February 9, 2020
News

Howard University Explores “Financial Wellness in the African American Community” – CDFIs Are Solution

A recent national AARP survey of adults aged 30 plus found three in five African Americans experienced an unexpected financial challenge in 2019—and two…

February 6, 2020
News

New Resources for CDFI Financial Reporting and Management

OFN has launched a new online community on the CDFI Connect platform! Called “CDFI Financial Reporting & Management Forum,” we intend for this community…

February 5, 2020
News

Wells Fargo Expands Financing for Diverse Small Businesses

The Wells Fargo Foundation announced that it is providing $17.4 million to community development financial institutions (CDFIs) across the U.S. to accelerate the…

February 3, 2020
News

New York CDFI Helps Fulfill American Dream with OFN and HSBC Bank Investment

Founded in 1997 and based in New York City, Business Center for New Americans (BCNA) focuses on providing access to capital and specialized training to low-to-moderate income…

February 3, 2020
News

Aspen Institute Job Quality Survey Due February 14

With the support of Prudential Financial, the Aspen Institute Economic Opportunities Program (EOP) is conducting a survey to learn about the work…

February 3, 2020
News

The Kresge Foundation Requests Information on Economic Mobility Strategies

The Kresge Foundation has released a Request for Information (RFI) to gain a stronger understanding of the current and unmet demand for grant and…

January 28, 2020
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