Today The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that Lisa M. Jones will receive one of eight Samuel J. Heyman Service to America Medals for her pioneering work to launch the CDFI Bond Guarantee Program (BGP). The BGP is an innovative federal credit program that offers credit-worthy certified CDFIs access to long-term capital. OFN, an approved Qualified Issuer (QI) under the BGP, is excited to see this innovation honored through its champion Lisa Jones.
In their announcement of this prestigious award, the CDFI Fund writes: “The Service to America Medals – also known as “the Sammies” – are highly respected awards presented by the non-profit, non-partisan Partnership for Public Service after a rigorous selection process. Often called “the Oscars of government service,” the Sammies are one of the most prestigious awards honoring our nation’s civil servants. Ms. Jones was one of 32 exceptional federal employees named as finalists for the 2016 Sammies.
The CDFI Bond Guarantee Program is a government innovation that injects new and substantial investment into our nation’s most distressed low-income communities. The program makes long-term, low-cost capital available to Community Development Financial Institutions (CDFIs) at no cost to tax payers. As a result of the $852 million in bonds Treasury has issued since 2013, CDFIs have financed small businesses, affordable rental housing, day care centers, senior living facilities, charter schools, and health care facilities.”
Read the full announcement here.