News 20 OFN Members Receive Grants for Affordable Housing On February 25, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced 38 recipients of the FY 2019 Capital… February 25, 2020
News Aspen Institute Launches Playbook for Scaling Latino-Owned Businesses On February 13, the Aspen Institute’s Latinos & Society Program held a launch event for its new publication, A Playbook For Scaling Latino-Owned… February 13, 2020
News Weigh in on the Future of the Community Reinvestment Act The March 9 deadline is fast approaching for members of the public to submit comments to the Office of the Comptroller of the Currency (OCC) and… February 10, 2020
News BlueHub Loan Fund Secures $75 Million in Inaugural Public Bond Issuance OFN member BlueHub Loan Fund announced on January 31, 2020, that it has completed its first public debt offering, a $75 million Sustainability Bond—$56.25 million… February 10, 2020
News Representative DeSaulnier Introduces Equitable Transit Oriented Development Act On February 7, Representative Mark DeSaulnier (D-CA) introduced the Equitable Transit Oriented Development Act (H.R. 5783), which would make community development financial… February 9, 2020
News Congress Holds Hearings on OCC-FDIC Community Reinvestment Act Reform Proposal On January 29, Comptroller of the Currency Joseph Otting appeared before the House Financial Services Committee for a contentious hearing entitled “The Community Reinvestment Act:… February 9, 2020
News Howard University Explores “Financial Wellness in the African American Community” – CDFIs Are Solution A recent national AARP survey of adults aged 30 plus found three in five African Americans experienced an unexpected financial challenge in 2019—and two… February 6, 2020
News New Resources for CDFI Financial Reporting and Management OFN has launched a new online community on the CDFI Connect platform! Called “CDFI Financial Reporting & Management Forum,” we intend for this community… February 5, 2020
News Wells Fargo Expands Financing for Diverse Small Businesses The Wells Fargo Foundation announced that it is providing $17.4 million to community development financial institutions (CDFIs) across the U.S. to accelerate the… February 3, 2020