Blog

Category: News

Expanding Black Business Credit Initiative Closes $29 Million for the Black Vision Fund

The Expanding Black Business Credit network (EBBC) announced on March 17 the final close of its Black Vision Fund. The fund will lend…

March 24, 2022

News

Finance Justice Fund Reaches $100 Million in Capital Deployed to OFN Member CDFIs

March 22, 2022

News

Congress Approves $295 Million for the CDFI Fund

On March 11, just hours before the government funding deadline set in the last continuing resolution, Congress passed the Fiscal Year (FY) 2022 omnibus…

March 16, 2022

News

OFN Joins Members and Partners in Bay Area to See CDFI Impact First-Hand

March 15, 2022

News

Fast Company Recognizes OFN Members as Most Innovative Companies of 2022

Each year Fast Company ranks businesses and nonprofits across the globe that are making an outsized impact and reshaping their organizations, industries,…

March 10, 2022

Events, News

OFN Webinar Recap – Economic Justice Partnership Fund for Affordable Housing and Community Facilities CDFIs

Partners for the Common Good (PCG) and OFN have partnered to create the Economic Justice Partnership Fund (EJPF) to support primarily smaller and…

March 9, 2022

News

FHFA Announces More Than $1.1 Billion for Affordable Housing Programs

On February 28, Federal Housing Finance Agency (FHFA) Acting Director Sandra L. Thompson announced that the Housing Trust Fund and Capital Magnet…

March 2, 2022

News

FY 2022 CDFI Bond Guarantee Program Application Period Now Open

On February 25, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2022…

March 2, 2022

News

Congress Passes Third Short-Term Funding Bill through March 11

On February 18, President Biden signed another short-term continuing resolution to fund the federal government through March 11. This is the third continuing…

February 25, 2022