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Category: News

OFN President and CEO Lisa Mensah Joins Treasury, Black Leaders for Racial Equity Roundtable

On June 30, Secretary of the Treasury Janet L. Yellen and Deputy Secretary of the Treasury Wally Adeyemo hosted a group of…

July 1, 2021

News

OFN Board Nominations Open for 2021

Nominations open today for the 2021 OFN Board Elections. This year, OFN members will cast votes to fill five seats up for…

July 1, 2021

News

OFN Receives Largest Grant in 35-Year History from Wells Fargo to Support Finance Justice Fund

On June 17, OFN announced that Wells Fargo is committing a $25 million grant to the Finance Justice Fund to help tackle…

June 17, 2021

News

Google Meets $50 Million Commitment to Support Black-Owned Businesses

OFN and Google continue to direct significant investment and grant capital to CDFIs working on the ground to help small businesses in…

June 17, 2021

News

CDFI Fund Awards Historic $1.25 Billion in Rapid Response Grants

The Community Development Financial Institutions Fund (CDFI Fund) awarded $1.25 billion in emergency financial assistance to 863 CDFIs, the largest single funding…

June 15, 2021

News

PPP Winds Down with CDFIs as Top Lenders

The application window for PPP loans closed on May 31 and the final numbers are in. Community Financial Institutions (CFIs) — a…

June 10, 2021

News

OFN Welcomes Seven New Member CDFIs

As summer quickly approaches, OFN’s membership continues to grow! We’re pleased to share that seven CDFIs have joined our network. We welcome…

June 8, 2021

News

SBA Launches $100 Million Community Navigator Pilot Program

On May 25, the  U.S. Small Business Administration announced that it is accepting applications for its new Community Navigator Pilot Program. This…

May 26, 2021

News

CDFIs Continue to Outperform Other PPP Lenders

As of May 5, the only lenders still authorized to process Paycheck Protection Program (PPP) applications until the May 31 deadline are CDFIs,…

May 25, 2021