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Blog

Tag: Treasury

News

Historic Funding for CDFIs in FY2021 Omnibus Appropriations and COVID-19 Relief Bill

Updated January 7, 2021 On December 22, Congress passed a massive $900 billion FY2021 Omnibus Appropriations and COVID-19 Relief Bill that included historic…

December 22, 2020
News

OFN Member PCDC Launches COVID-19 Community Health Care Resiliency Fund

OFN member Primary Care Development Corporation (PCDC) and Community Health Care Association of New York State (CHCANYS) have announced the COVID-19 Community Health Care Resiliency Fund to help community…

September 22, 2020
News

Forbes Article Highlights Google Partnership with CDFIs

In a Forbes exclusive feature published September 17, Ruth Porat, CFO of Alphabet & Google, talks about Google’s support for small businesses and the company’s…

September 17, 2020
News

CDFIs Outperform Other Paycheck Protection Program (PPP) Lenders

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

June 29, 2020
News

$10 Billion Set Aside for CDFIs to Make PPP Loans; Increased PPP Flexibility Enacted into Law

The Treasury Department and SBA made an announcement on May 28 to set aside $10 billion of round two Paycheck Protection Program (PPP) funding exclusively for Community…

June 8, 2020
News

PPP Reports Released, New Court Ruling on Borrower Eligibility

Recently two reports on the Paycheck Protection Program (PPP) were released. In addition, a U.S. District Court in Michigan ruled that the…

May 19, 2020
News

OFN Testifies at House Small Business Committee Virtual Forum

On May 13, the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access held a virtual forum for their members on the…

May 19, 2020
News

Paycheck Protection Program: Update on CDFI Eligibility

Yesterday, OFN President and CEO Lisa Mensah and other members of the OFN team spoke with U.S. Treasury Deputy Assistant Secretary for…

May 7, 2020
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
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