News Members of Congress Champion CDFIs as COVID Relief Talks Stall OFN is very disappointed that COVID relief negotiations between Congressional leaders and the Trump Administration have broken down, especially as the health… August 10, 2020
News House Subcommittee Approves $273.5 Million for CDFI Fund in FY 2021 On July 8, the House Appropriations Financial Services and General Government (FSGG) Subcommittee approved its FY 2021 appropriations bill which includes $273.5 million for the… July 8, 2020
News CDFIs Outperform Other Paycheck Protection Program (PPP) Lenders Updated July 8, 2020 August 8 is the new deadline for lenders to submit Paycheck Protection Program (PPP) applications on behalf of… June 29, 2020
News PPP Reports Released, New Court Ruling on Borrower Eligibility Recently two reports on the Paycheck Protection Program (PPP) were released. In addition, a U.S. District Court in Michigan ruled that the… May 19, 2020
News OFN Testifies at House Small Business Committee Virtual Forum On May 13, the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access held a virtual forum for their members on the… May 19, 2020
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 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 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 OFN Testifies at Treasury Hearing on Opportunity Zone Regulations The Department of the Treasury and the Internal Revenue Service (IRS) held a public hearing on the second round of Opportunity Zone… August 2, 2019