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
NewsFour CDFIs Receive Grow with Google Small Business Fund Loans and Google.org GrantsIn OFN’s most recent round of Grow with Google Small Business Fund loans and Google.org-funded grants, four CDFIs have received a total of $8.5 million… December 14, 2020
NewsCDFI Fund Expands Target Market Eligibility for PPP LendingOn December 9, CDFI Fund Director Jodie Harris announced that CDFIs that made PPP loans outside their approved target market(s) during calendar year 2020 will not… December 14, 2020
NewsThree CDFI Industry Leaders Elected to OFN Board of DirectorsOn November 11 at the OFN Annual Membership Meeting during the 2020 OFN Virtual Conference, member CDFIs placed their votes for three open seats on OFN’s Board… December 9, 2020
NewsThe Housing Fund Launches New Program for Nashville Homeowners with $2.25 Million Amazon DonationOn December 7, Amazon announced a $2.25 million donation to Nashville-based OFN member The Housing Fund. With this new capital injection, The Housing Fund… December 9, 2020
