NewsRocky Start as SBA Re-opens Next Round of PPP LendingAs America reckons with a Titanic scale economic impact from COVID-19, we can’t afford to wait for relief for small businesses that… January 12, 2021
NewsParticipate in the 2020 Census to Increase Federal Funding for Low-income CommunitiesDid you know that 305 federal financial assistance programs relied on U.S. Census data to allocate $1.5 trillion in funding nationwide during FY 2017? This includes $1.2… December 29, 2020
NewsHistoric Funding for CDFIs in FY2021 Omnibus Appropriations and COVID-19 Relief BillUpdated January 7, 2021 On December 22, Congress passed a massive $900 billion FY2021 Omnibus Appropriations and COVID-19 Relief Bill that included historic… December 22, 2020
NewsNew EBA Fund Offers Critical Support to Six OFN Member MicrolendersIn early December, The Aspen Institute and the Microfinance Impact Collaborative announced the creation of the Entrepreneur Backed Assets (EBA) Fund, which will… December 21, 2020
NewsPhilanthropist MacKenzie Scott Supports 24 OFN Member CDFIs in Latest GivingThis past July, philanthropist MacKenzie Scott shared an update on her pledge to donate a majority of her wealth. She listed 116… December 16, 2020
NewsOFN Weighs in on CFPB’s Small Business Lending Data Collection RuleOFN recently submitted comments to the Consumer Financial Protection Bureau (CFPB) as part of the agency’s process to implement Section 1071 of the Dodd-Frank financial reform… December 15, 2020
NewsCongress Includes CDFI Provisions in Bipartisan COVID Relief LegislationAs the year comes to a close, Congress continues to negotiate legislation to provide much-needed COVID relief but has yet to vote… December 15, 2020
NewsChairwoman Velazquez Includes CDFIs in End-of-Year Legislative PushAs the 116th Congress draws to a close, House Small Business Committee Chairwoman Nydia Velazquez (D-NY) continues to advance legislation that would enhance… December 15, 2020
NewsFinance Justice Fund Now Open for ApplicationsThe Finance Justice Fund is now open for applications from OFN member CDFIs! Announced on November 12 during the 2020 OFN Virtual Conference, the Finance Justice Fund… December 15, 2020
