House Subcommittee Approves $273.5 Million for CDFI Fund in FY 2021
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…
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Tag: CDFI Fund
House Endorses $1 Billion for CDFI Fund Grants; 37 Senators Also Signal Support
Updated May 15, 2020 On May 15, the House of Representatives passed the HEROES (Health and Economic Recovery Omnibus Emergency Solutions) Act…
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…
CDFIs Call for $1 Billion in New CDFI Fund Grants as PPP Misses the Mark
Updated April 30, 2020 As Congress begins drafting “Phase 4” legislation to address the continuing health and economic impacts of COVID-19, OFN is strongly…
Opportunity Fund Op-Ed Published by The Hill Calls for $1 Billion for the CDFI Fund
On March 21, The Hill published an op-ed entitled “Ensure small business survival during COVID-19 crisis: Fund the CDFI Fund” that urges Congress to allocate $1…
House Subcommittee Presses Treasury Secretary about CDFI Fund Budget Cuts
On March 4, Treasury Secretary Steven Mnuchin appeared before the House Appropriations Financial Services and General Government Subcommittee (FSGG) for a hearing on the Department…
20 OFN Members Receive Grants for Affordable Housing
On February 25, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced 38 recipients of the FY 2019 Capital…
Congress Approves $262 Million for CDFI Fund and Extends New Markets Tax Credit
The House and Senate have reached a $1.4 trillion spending agreement for Fiscal Year 2020, with a record-setting appropriation of $262 million…
OFN Members and Allies Receive More Than $100 Million from CDFI Fund
On November 19, the Community Development Financial Institutions Fund (CDFI Fund) awarded $188.7 million in grants and loans to 284 community development financial…