Blog

By a vote of 96-0, on March 25 the US Senate passed the CARES (Coronavirus Aid, Relief and Economic Security) Act, which…

OFN 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…

Based 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…

On 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…

Wells Fargo has announced it is seeking to invest up to $50 million in capital for African American Minority Depository Institutions, or MDIs, as…

On March 4, Treasury Secretary Steven Mnuchin appeared before the House Appropriations Financial Services and General Government Subcommittee (FSGG) for a hearing on the Department…

Six local organizations, including OFN members Baltimore Community Lending and Latino Economic Develpment Center (LEDC), have received grants totaling $775,000 in a collaborative…

Amidst 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…

On February 24, 2020, the Federal Housing Finance Agency issued a Request for Input (RFI) soliciting guidance from the public on a series of…