NewsCDFIs Call for $1 Billion in New CDFI Fund Grants as PPP Misses the MarkUpdated April 30, 2020 As Congress begins drafting “Phase 4” legislation to address the continuing health and economic impacts of COVID-19, OFN is strongly… April 22, 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
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
News20 OFN Members Receive Grants for Affordable HousingOn 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
NewsCongress Approves $262 Million for CDFI Fund and Extends New Markets Tax CreditThe House and Senate have reached a $1.4 trillion spending agreement for Fiscal Year 2020, with a record-setting appropriation of $262 million… December 21, 2019
NewsOFN Members and Allies Receive More Than $100 Million from CDFI FundOn November 19, the Community Development Financial Institutions Fund (CDFI Fund) awarded $188.7 million in grants and loans to 284 community development financial… November 20, 2019
NewsSenate Appropriations Committee Approves $251 Million for CDFI Fund in FY 2020With just over a week until the end of fiscal year (FY) 2019, Congress has yet to finalize any of its spending bills to fund the federal government… September 20, 2019
NewsCDFI Fund Announces FY 2019 Technical Assistance and Bank Enterprise AwardeesOn September 19, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 73 Community Development Financial Institutions (CDFIs) $9.16… September 19, 2019
NewsHouse Votes for Record Funding for CDFI Fund ProgramsOn June 26, 2019, the House passed the Fiscal Year (FY) 2020 Financial Services and General Government (FSGG) Appropriations bill, H.R. 3351 by a… July 1, 2019