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
News New York CDFI Helps Fulfill American Dream with OFN and HSBC Bank Investment Founded in 1997 and based in New York City, Business Center for New Americans (BCNA) focuses on providing access to capital and specialized training to low-to-moderate income… February 3, 2020
News Aspen Institute Job Quality Survey Due February 14 With the support of Prudential Financial, the Aspen Institute Economic Opportunities Program (EOP) is conducting a survey to learn about the work… February 3, 2020
News The Kresge Foundation Requests Information on Economic Mobility Strategies The Kresge Foundation has released a Request for Information (RFI) to gain a stronger understanding of the current and unmet demand for grant and… January 28, 2020
News Main Street Launch Supports African American Entrepreneurs in Bay Area with Wells Fargo Grant A 2019 recipient of the Wells Fargo Diverse Community Capital program’s Activator grant, OFN member Main Street Launch is directing grant proceeds toward… January 27, 2020
News Change of Course from Consumer Financial Protection Bureau Could Help Home Buyers Earlier this month, Consumer Financial Protection Bureau (CFPB) Director Kathleen Kraninger informed Members of the U.S. Senate Banking Committee that the Bureau… January 27, 2020
News Data.org To Launch $10 Million Impact Challenge At the World Economic Forum in Davos on January 23, The Rockefeller Foundation and The Mastercard Center for Inclusive Growth announced the relaunch of data.org, a partnership… January 24, 2020
News American Banker Highlights CDFI Concerns About CRA Reform On January 23, American Banker published an article entitled “Far from cheering CRA reform, CDFIs are worried,” which highlights how community development financial institutions… January 24, 2020