News Biden Administration Proposes Major Investments in Affordable Housing On September 1, the Biden Administration rolled out a series of programmatic announcements to increase the supply of affordable housing. The White… September 14, 2021
News $5 Billion in New Markets Tax Credit Allocations Announced On September 1, the CDFI Fund announced $5 billion in New Markets Tax Credit (NMTC) allocations through the Calendar Year 2020 allocation… September 13, 2021
News OFN Applauds Release of Long-Awaited Small Business Data Collection Rule After more than a decade since the passage of the Dodd-Frank financial reform legislation, the Consumer Financial Protection Bureau (CFPB) finally put… September 1, 2021
News Congress Moves on Historic Infrastructure Packages Written by Mary Scott Hardwick & JK Phenix Over the last several months, Congress and the Biden Administration have been laying the groundwork to… August 26, 2021
News Federal Reserve Survey: CDFIs Report Positive Financial State, Influx of Clients, but Continued Staff, Capital Constraints CDFIs indicated a widespread influx of new customers, strong funding streams throughout the pandemic, and generally positive current financial states, according to results of… August 12, 2021
News Tell the Federal Reserve How COVID-19 Is Affecting Your Community In 2020, the Federal Reserve System conducted four rounds of surveys to better understand the range of challenges facing under-resourced and low-income… August 9, 2021
News SBA Rolls Out New PPP Forgiveness Application Portal and Guidance After months of urging by smaller lenders and OFN, the Small Business Administration (SBA) released new guidance to simplify the forgiveness process… August 2, 2021
News OCC to Propose Rescinding Community Reinvestment Act Rule Last month, the community development finance industry received a major victory in our years-long effort to reject the Office of the Comptroller… August 2, 2021