Advocacy Tools and Fact Sheets

  • Issues-driven tools CDFIs can use in

  • advocacy efforts

For our members and other CDFI industry stakeholders, OFN offers advocacy toolkits and fact sheets about OFN’s membership and key policy priorities. 

For more information about any of the information presented here, contact Jennifer A. Vasiloff, Chief External Affairs Officer, at 202.573.2123. 

OFN's 2019 Policy Priorities

OFN’s 2019 Federal Policy Priorities reflect what is most important to CDFIs in their work to increase economic opportunity in communities left out of the financial mainstream.

$300 million for CDFI Fund in FY 2020

In FY 2020, OFN is advocating for $300 million for the CDFI Fund with $500 million in guarantee authority for the CDFI Bond Guarantee Program.

Extend and Strengthen the New Markets Tax Credit (NMTC) 

Without Congressional action to extend it, the NMTC’s current authorization will expire on December 31, 2019. OFN strongly supports the reauthorization effort and the New Markets Tax Credit Extension Act.

OFN Letter to Office of the Comptroller of the Currency on Reforming Community Reinvestment Act Regulatory Framework (Nov 2018)

OFN strongly supports the Community Reinvestment Act (CRA) while also acknowledging aspects of the law and its administration could be improved.

Bank Investment Falls Short in Rural America: Reforms to the Community Reinvestment Act (CRA) Could Help 

Community development practitioners have long decried the modest levels of bank investment in rural communities. OFN has documented this pattern through the data collected annually from community development loan funds in our membership. 

Empower Communities Through Responsible, Affordable Finance 

For more than 30 years, leveraging capital from banks, foundations, corporations, and government, CDFIs have helped move money into rural, urban, and Native communities that mainstream bank financing does not reach. 

CDFI Bond Guarantee Program

The CDFI Bond Guarantee Program (BGP) was enacted as part of the Small Business Jobs Act of 2010. Designed as a zero-subsidy federal program—operating at no cost to taxpayers—the BGP enables participating CDFIs access to affordable, long-term capital. In FY 2019, the CDFI Fund was authorized to issue up to $500 million in bonds through the BGP. OFN’s FY 2020 request is for the continuation of the BGP with $500 million in guarantee authority.

 

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