News CDFI Fund Opens the 2019 round of New Markets Tax Credits The CDFI Fund has released the Notice of Allocation Availability (NOAA) for the 2019 Calendar Year (CY) round of the New Markets… September 4, 2019
News OFN Member Awards $1.8 Million to Improve Healthy Food Access Nationwide On August 27, Philadelphia-based OFN member Reinvestment Fund announced $1.8 million in financial and technical assistance awards to 23 projects through the Healthy Food Financing… August 28, 2019
News OFN Seeking Stories about Small Businesses Impacted by Predatory Lending practices Has your organization recently seen an increase in small business owners looking to refinance from high-cost debt products? OFN is seeking stories… August 8, 2019
News OFN Testifies at Treasury Hearing on Opportunity Zone Regulations The Department of the Treasury and the Internal Revenue Service (IRS) held a public hearing on the second round of Opportunity Zone… August 2, 2019
News House and Senate Begin Work on Extension of the New Markets Tax Credit The authorization for the New Markets Tax Credit (NMTC) is set to expire at the end of 2019 and Congress has begun… July 2, 2019
News House Votes for Record Funding for CDFI Fund Programs On June 26, 2019, the House passed the Fiscal Year (FY) 2020 Financial Services and General Government (FSGG) Appropriations bill, H.R. 3351 by a… July 1, 2019
News Congressman Dan Newhouse Visits OFN Member Lower Valley Credit Union On May 31, Lower Valley Credit Union (LVCU) was thrilled to sit down with Congressman Dan Newhouse (R-WA) to discuss our community development… June 13, 2019
News OFN Submits Comments to Treasury Urging Opportunity Zone Transparency The IRS and Department of the Treasury recently closed a Request for Information commenting period on reporting, data collection, and transparency requirements… June 4, 2019
News House Subcommittee Approves $300 Million for the CDFI Fund in FY 2020 On June 3, the House Appropriations Financial Services and General Government (FSGG) Subcomittee approved its FY 2020 appropriations bill which included $300… June 4, 2019