News SBA Rolls Out New PPP Forgiveness Application Portal and Guidance After months of urging by smaller lenders and OFN, the Small Business Administration (SBA) released new guidance to simplify the forgiveness process… August 2, 2021
News OCC to Propose Rescinding Community Reinvestment Act Rule Last month, the community development finance industry received a major victory in our years-long effort to reject the Office of the Comptroller… August 2, 2021
News New LISC Report Looks at Impact of Rural Community Development A new research paper from OFN member LISC demonstrates how intensive community development initiatives in two rural regions of California sowed the seeds… July 30, 2021
News Amber Kuchar-Bell Joins OFN as Chief Strategy and Operations Officer OFN is pleased to announce that Amber Kuchar-Bell, a professional with a demonstrated history of driving capital to underserved communities, has joined… July 26, 2021
News House Appropriations Committee Approves $330 Million for CDFI Fund in FY 2022 Updated July 8, 2021 On June 24, the House Financial Services and General Government (FSGG) Subcommittee held a markup and approved their… July 24, 2021
News Persistent Poverty and the Prevalence of CDFIs In new research supported by the Robert Wood Johnson Foundation, Opportunity Finance Network shows the traditional measure of persistent poverty by county… July 15, 2021
News Three New Finance Justice Fund Recipients Announced OFN is pleased to announce the latest recipients of Finance Justice Fund loans and grants! Congratulations to the following OFN member CDFIs… July 13, 2021
News Morgan Stanley Awards $21.7 Million to OFN to Support CDFI Industry and Equitable Recovery OFN is pleased to announce Morgan Stanley has awarded $21.7 million in funding to support human capital and professional development for the… July 13, 2021
News Lisa Mensah Testifies at Senate Hearing on Access to Housing On June 24, the Senate Banking, Housing, and Urban Affairs Committee held a hearing on “Examining Bipartisan Bills to Increase Access to… July 12, 2021