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Blog

Category: News

News

Senate Appropriations Committee Approves $251 Million for CDFI Fund in FY 2020

With just over a week until the end of fiscal year (FY) 2019, Congress has yet to finalize any of its spending bills to fund the federal government…

September 20, 2019
News

New $45 Million Fund to Invest Capital in Credit Unions in 17 Southern States

On September 17, OFN partners Inclusiv and The Kresge Foundation announced the formation of a $45 million fund that will invest capital in credit unions serving…

September 20, 2019
News

CDFI Fund Announces FY 2019 Technical Assistance and Bank Enterprise Awardees

On September 19, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 73 Community Development Financial Institutions (CDFIs) $9.16…

September 19, 2019
News

OFN Members Testify before Congress in Support of Financial Inclusion

Last week, several OFN members testified in Houston, Texas, before the House Financial Services Subcommittee on Oversight and Investigations on the topic of…

September 12, 2019
News

The Slate is Set, The Candidates Are….

It’s the time of year we’ve all been waiting for — OFN Board Elections! The campaign begins today with the announcement of 11…

September 11, 2019
News

Representative Barbara Lee (D-CA) to Receive CDFI Congressional Champion Award at OFN Conference

On October 22, Rep. Barbara Lee, longtime champion of the CDFI Fund and Chair of the Democratic Whip Task Force on Poverty, Income…

September 5, 2019
News

CDFI Fund Opens the 2019 round of New Markets Tax Credits

The CDFI Fund has released the Notice of Allocation Availability (NOAA) for the 2019 Calendar Year (CY) round of the New Markets…

September 4, 2019
News

Uplift America Fund 2018 Progress Report Released

OFN and Mary Reynolds Babcock Foundation have released the 2018 Uplift America Fund Progress Report, which documents successes and lessons learned in the…

September 4, 2019
News

OFN Member Awards $1.8 Million to Improve Healthy Food Access Nationwide

On August 27, Philadelphia-based OFN member Reinvestment Fund announced $1.8 million in financial and technical assistance awards to 23 projects through the Healthy Food Financing…

August 28, 2019
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