News OFN Welcomes 19 New Member CDFIs Since we last welcomed new OFN members back in April, we have had 19 CDFIs join our network. We welcome our newest members! Learn… July 21, 2020
News OFN and HSBC Bank Deploy $25 Million Through CDFI Investment Fund In August 2018, OFN and HSBC Bank USA established the Good to Grow CDFI Investment Fund (G2G Fund) to expand the flow of… July 16, 2020
Events, News The 2020 OFN Conference is Going Virtual! Get ready! We’re taking the 2020 OFN Conference virtual! After deep consideration, we are moving forward with an adapted Conference format this year that… July 15, 2020
News $3.5 billion in New Markets Tax Credit Allocations Announced On July 15, the CDFI Fund announced $3.5 billion in New Markets Tax Credit (NMTC) allocations through the 2019 allocation round to 76 community… July 15, 2020
News $10 Million Netflix Investment in HOPE Credit Union Sets Example for Private Sector Hope Enterprise Corporation/Hope Credit Union (HOPE), a community development financial institution (CDFI) based in Jackson, Mississippi, will use a $10 million investment from Netflix to import capital… July 9, 2020
News, Voices Wells Fargo Launches $400 Million Small Business Recovery Effort In April 2020, Wells Fargo CEO Charlie Scharf made an industry-leading commitment to donate all gross processing fees from the Paycheck Protection Program back… July 9, 2020
News OFN Awarded Grant from Newly Established Tipping Point Fund on Impact Investing The Tipping Point Fund on Impact Investing (TPF), a donor collaborative vehicle with a mission of scaling the practice of impact investing, announced its… July 8, 2020
News House Subcommittee Approves $273.5 Million for CDFI Fund in FY 2021 On July 8, the House Appropriations Financial Services and General Government (FSGG) Subcommittee approved its FY 2021 appropriations bill which includes $273.5 million for the… July 8, 2020
News Netflix to Invest 2% of Cash Holdings in CDFIs and Other Organizations Serving Black Communities Netflix Director of Talent Acquisition Aaron Mitchell and Director of Treasury Shannon Alwyn announced in a June 30 blog post that the company will… June 30, 2020
