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On September 24, the Community Development Financial Institutions Fund (CDFI Fund) awarded $204.1 million in grants and loans to 397 community development…

On September 21, the Federal Reserve Board of Governors voted unanimously to release their proposal to reform the Community Reinvestment Act (CRA) regulations. While…

On August 27, the CDFI Fund’s Community Advisory Board held a virtual meeting where OFN President and CEO Lisa Mensah spoke to the group, joining leaders…

OFN is very disappointed that COVID relief negotiations between Congressional leaders and the Trump Administration have broken down, especially as the health…

The Small Business Administration (SBA) recently announced a new COVID-19 recovery program, the Community Advantage (CA) Recovery Loan Program, that allows eligible CA Lenders…

On July 15, the CDFI Fund announced $3.5 billion in New Markets Tax Credit (NMTC) allocations through the 2019 allocation round to 76 community…

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…

Updated July 8, 2020 August 8 is the new deadline for lenders to submit Paycheck Protection Program (PPP) applications on behalf of…

On June 8, Pennsylvania Governor Tom Wolf announced a $225 million statewide grant program to support small businesses impacted by the COVID-19…