VoicesPresident Biden’s Full Fiscal Year 2022 Budget ReleasedOn May 27, President Biden released his long anticipated full Fiscal Year 2022 (FY 2022) budget request. Although the top line request… June 3, 2021
NewsCDFIs Continue to Outperform Other PPP LendersAs of May 5, the only lenders still authorized to process Paycheck Protection Program (PPP) applications until the May 31 deadline are CDFIs,… May 25, 2021
NewsUrge Congress to Support $1 Billion for the CDFI Fund!With the release of President Biden’s initial budget proposal last month and the expected release of the full budget document next week,… May 20, 2021
NewsOFN Members Testify at Hearing on CDFI and MDI Small Business LendingOn May 18, the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access held a hearing entitled, “Examining the Role… May 20, 2021
NewsOCC Halts Widely Criticized 2020 Community Reinvestment Act RuleAfter nearly three years of ongoing advocacy, the CDFI industry received a major policy win when the Office of the Comptroller of… May 20, 2021
NewsOFN Members Testify at Senate Banking Hearing on Rural InvestmentOn April 20, the Senate Banking, Housing, and Urban Affairs Committee held a hearing entitled, “An Economy that Works For Everyone: Investing… April 29, 2021
NewsCDFI Fund Opens First Funding Round for Small Dollar Loan ProgramThe CDFI Fund has opened the first funding round for the Small Dollar Loan Program (SDL Program). SDL Program funding is intended… April 28, 2021
NewsBiden Budget Proposal of $330 Million for CDFI Fund Falls ShortOn April 9, President Biden released his long-awaited budget proposal outlining his administration’s federal spending priorities for fiscal year (FY) 2022. The… April 9, 2021
NewsPresident Biden Releases Infrastructure PlanLast week President Biden laid out the framework for his $2.25 trillion infrastructure plan. The American Jobs Plan touches on a number of CDFI… April 6, 2021