News Take Action to Support $1 Billion for CDFIs! In the past year, more has been asked of the CDFI industry than ever before, and CDFIs have stepped up to serve… March 18, 2021
Events Senator Mark Warner Sheds Light on New Policy Implications for CDFIs During OFN Webinar 2021 has brought big political changes to Washington, D.C. — a new President, new Congressional leaders, and new opportunities. On March 4, Senator Mark Warner (D-VA) joined several hundred… March 15, 2021
News Apply Now for $1.25 Billion in Rapid Response Grants The application period for the CDFI Rapid Response Program (CDFI RRP) is now open! The CDFI RRP will distribute $1.25 billion of… February 25, 2021
News 23 OFN Members Receive Grants for Affordable Housing On February 22, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced more than $175 million in grants to 27… February 22, 2021
News Historic Funding for CDFIs in FY2021 Omnibus Appropriations and COVID-19 Relief Bill Updated January 7, 2021 On December 22, Congress passed a massive $900 billion FY2021 Omnibus Appropriations and COVID-19 Relief Bill that included historic… December 22, 2020
News OFN Weighs in on CFPB’s Small Business Lending Data Collection Rule OFN recently submitted comments to the Consumer Financial Protection Bureau (CFPB) as part of the agency’s process to implement Section 1071 of the Dodd-Frank financial reform… December 15, 2020
News CDFI Fund Expands Target Market Eligibility for PPP Lending On December 9, CDFI Fund Director Jodie Harris announced that CDFIs that made PPP loans outside their approved target market(s) during calendar year 2020 will not… December 14, 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 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