NewsOFN and HSBC Bank Deploy $25 Million Through CDFI Investment FundIn 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, NewsThe 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 AnnouncedOn 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 SectorHope 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, VoicesWells Fargo Launches $400 Million Small Business Recovery EffortIn 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
NewsOFN Awarded Grant from Newly Established Tipping Point Fund on Impact InvestingThe 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
NewsHouse Subcommittee Approves $273.5 Million for CDFI Fund in FY 2021On 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
NewsNetflix to Invest 2% of Cash Holdings in CDFIs and Other Organizations Serving Black CommunitiesNetflix 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
NewsCDFIs Outperform Other Paycheck Protection Program (PPP) LendersUpdated July 8, 2020 August 8 is the new deadline for lenders to submit Paycheck Protection Program (PPP) applications on behalf of… June 29, 2020
