NewsCDFIs Outperform Other Paycheck Protection Program (PPP) LendersUpdated July 8, 2020 August 8 is the new deadline for lenders to submit Paycheck Protection Program (PPP) applications on behalf of… June 29, 2020
NewsPPP Reports Released, New Court Ruling on Borrower EligibilityRecently two reports on the Paycheck Protection Program (PPP) were released. In addition, a U.S. District Court in Michigan ruled that the… May 19, 2020
NewsOFN Testifies at House Small Business Committee Virtual ForumOn May 13, the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access held a virtual forum for their members on the… May 19, 2020
NewsHouse Endorses $1 Billion for CDFI Fund Grants; 37 Senators Also Signal SupportUpdated May 15, 2020 On May 15, the House of Representatives passed the HEROES (Health and Economic Recovery Omnibus Emergency Solutions) Act… May 13, 2020
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
NewsOFN Members Testify before Congress in Support of Financial InclusionLast week, several OFN members testified in Houston, Texas, before the House Financial Services Subcommittee on Oversight and Investigations on the topic of… September 12, 2019
NewsOFN Testifies at Treasury Hearing on Opportunity Zone RegulationsThe Department of the Treasury and the Internal Revenue Service (IRS) held a public hearing on the second round of Opportunity Zone… August 2, 2019
NewsHouse and Senate Begin Work on Extension of the New Markets Tax CreditThe authorization for the New Markets Tax Credit (NMTC) is set to expire at the end of 2019 and Congress has begun… July 2, 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
