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
News Build Back Better Plan Partners with CDFIs: Focus on Small Business CDFIs play a critical role in strengthening America’s physical and financial infrastructure. In remarks during the 2021 OFN Virtual Conference, SBA Administrator… October 19, 2021
News Urge Congress to Prioritize CDFIs in Historic Build Back Better Proposal Over the last few months, Congressional Democrats have been developing legislation that would implement the Biden-Harris Administration’s sweeping federal spending proposals outlined… October 7, 2021