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
News Urge Congress to Support $1 Billion for the CDFI Fund! With the release of President Biden’s initial budget proposal last month and the expected release of the full budget document next week,… May 20, 2021
News OFN Members Testify at Hearing on CDFI and MDI Small Business Lending On May 18, the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access held a hearing entitled, “Examining the Role… May 20, 2021
News OCC Halts Widely Criticized 2020 Community Reinvestment Act Rule After nearly three years of ongoing advocacy, the CDFI industry received a major policy win when the Office of the Comptroller of… May 20, 2021
News Policy Brief: How States Can Improve Child Care Facilities On May 4, the National Children’s Facilities Network (NCFN), along with the Center for Law and Social Policy (CLASP), Education Counsel, the… May 9, 2021