News Chairwoman Velazquez Includes CDFIs in End-of-Year Legislative Push As the 116th Congress draws to a close, House Small Business Committee Chairwoman Nydia Velazquez (D-NY) continues to advance legislation that would enhance… December 15, 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 OFN Members Receive $110.5 Million from the CDFI Fund On September 24, the Community Development Financial Institutions Fund (CDFI Fund) awarded $204.1 million in grants and loans to 397 community development… September 24, 2020
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