NewsNew COVID-19 Community for OFN Members on CDFI ConnectOFN has formed a new COVID-19 community exclusively for OFN members on the CDFI Connect platform. The new members-only COVID-19 community provides a private space… March 24, 2020
News, VoicesPiedmont Business Capital Helps Entrepreneurs Withstand COVID-19 Crisis with OFN FinancingBased in Greensboro, North Carolina, new OFN member Piedmont Business Capital (PBC) is on a mission to create shared economic prosperity for local minority and women entrepreneurs. With roots dating back to… March 24, 2020
NewsOpportunity Fund Op-Ed Published by The Hill Calls for $1 Billion for the CDFI FundOn March 21, The Hill published an op-ed entitled “Ensure small business survival during COVID-19 crisis: Fund the CDFI Fund” that urges Congress to allocate $1… March 20, 2020
NewsWells Fargo Seeking to Invest Up to $50 Million in Minority Depository InstitutionsWells Fargo has announced it is seeking to invest up to $50 million in capital for African American Minority Depository Institutions, or MDIs, as… March 11, 2020
NewsHouse Subcommittee Presses Treasury Secretary about CDFI Fund Budget CutsOn March 4, Treasury Secretary Steven Mnuchin appeared before the House Appropriations Financial Services and General Government Subcommittee (FSGG) for a hearing on the Department… March 6, 2020
NewsMore Than $1.8 Million Raised to Support Entrepreneurs of Color in BaltimoreSix local organizations, including OFN members Baltimore Community Lending and Latino Economic Develpment Center (LEDC), have received grants totaling $775,000 in a collaborative… March 6, 2020
NewsShelterforce Highlights Concern About Proposed Changes to Community Reinvestment ActAmidst ongoing debate about proposed regulatory changes to the Community Reinvestment Act (CRA), Shelterforce’s March 5 article “Pulling the Rug From Under Community Development?” shares perspectives… March 5, 2020
NewsFederal Housing Finance Agency Seeks Advice on Issues Related to Federal Home Loan Bank MembershipOn February 24, 2020, the Federal Housing Finance Agency issued a Request for Input (RFI) soliciting guidance from the public on a series of… March 4, 2020
NewsCharter Communications Launches $10 Million CDFI Loan FundOn February 27, Charter Communications, Inc. announced the creation of the Spectrum Community Investment Loan Fund. The Loan Fund focuses on making… February 28, 2020