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…
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Category: 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…
Wisconsin Rapids Daily Tribune Features OFN Member’s Work to Support Local Shopping Movement
Recently, Wisconsin Rapids Daily Tribune featured OFN member Wisconsin Women’s Business Initiative Corporation (WWBIC) in an article about the building momentum for the local shopping movement as…
New Awards Program Honors Native CDFIs
Nationwide, Native CDFIs help tribal communities overcome barriers to economic development and capital access. Led and run by tribal members, nearly 70…
FIELD at the Aspen Institute Is Now the Business Ownership Initiative
FIELD at the Aspen Institute is changing its name to the Business Ownership Initiative, which is an update to better reflect and communicate…
Global Impact Investing Network Releases 2019 Annual Impact Investor Survey
The Global Impact Investing Network’s (GIIN) 2019 Annual Impact Investor Survey demonstrates the increasing scale and maturity of the impact investing industry….
A Primer on CDFIs for Foundation and Nonprofit Leaders
Recently, The Center for Nonprofit Governance (CNG) within the Raj & Kamla Gupta Governance Institute at LeBow College of Business at Drexel University invited…
Stanford Social Innovation Review Profiles Collaborative CDFI Microlending Model in New Mexico
Despite many honest attempts to address inequity in the lending industry, the barriers to accessing capital for business owners in low-income and…
NBC News Highlights Hope Credit Union’s Work in Mississippi Banking Desert
Banks — where they are, who they lend to and on what conditions—are a key lever in the American economy. Yet branches…