News Bipartisan Persistent Poverty Bill Introduced in Congress On February 1, the bipartisan Targeting Resources to Communities in Need Act of 2022 was introduced in both the House and Senate. The bill,… February 9, 2022
News OFN Weighs in on CFPB Small Business Lending Data Collection Rule OFN recently submitted comments to the Consumer Financial Protection Bureau (CFPB) on the Notice for Proposed Rulemaking (NPRM) as part of the agency’s process to implement… January 14, 2022
News CDFI Leaders Testify at Senate Banking Hearing On January 5, the Senate Banking, Housing and Urban Affairs Committee’s Subcommittee on Housing, Transportation, and Community Development held a hearing entitled,… January 6, 2022
News CDFI Fund Announces FY 2021 Financial Assistance Awards On December 8, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 265 organizations $180.3 million in… December 10, 2021
News Lawmakers Pass Second Short-Term Funding Bill to Avoid Government Shutdown On December 2, Congress passed a short-term continuing resolution (CR) to maintain fiscal year (FY) 2021 spending levels through February 18, 2022…. December 7, 2021
News Rep. Velázquez and Sen. Menendez Introduce Bicameral Bill to Stop Predatory Small Business Loans On November 18, Rep. Nydia M. Velázquez, the Chairwoman of the House Small Business Committee, and Senator Robert Menendez (D-NJ) introduced the… November 18, 2021
News FDIC Creates New Office of Minority and Community Development Banking to Support Mission-Driven Banks On November 2, Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams announced the creation of a new office to support the agency’s… November 4, 2021
News OFN Joins New Underserved Mortgage Markets Coalition On October 21, a new coalition of 20 leading affordable housing organizations, including OFN, urged the Federal Housing Finance Agency (FHFA) to… October 22, 2021
News Build Back Better Plan Partners with CDFIs: Focus on Affordable Housing As Maxine Waters (D-CA), Chair of the House Financial Services Committee has emphasized: “Housing is Infrastructure!” Robust investments in affordable housing must… October 20, 2021