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
NewsPresident Biden Signs Bill Extending PPP to May 31On March 30, President Biden signed the Paycheck Protection Program (PPP) Extension Act which extends the program to May 31 from the original application deadline of March… March 31, 2021
Events, NewsLisa Mensah Testifies Before Senate Small Business and Entrepreneurship CommitteeOn March 17, the U.S. Senate Committee on Small Business & Entrepreneurship held a hearing entitled “The Paycheck Protection Program: Performance, Impact,… March 19, 2021
NewsTake Action to Support $1 Billion for CDFIs!In the past year, more has been asked of the CDFI industry than ever before, and CDFIs have stepped up to serve… March 18, 2021
NewsState Small Business Credit Initiative Funded in the American Rescue PlanOn March 11, President Biden signed the $1.9 trillion American Rescue Plan into law. One significant provision of the bill for CDFIs is $10… March 18, 2021
EventsSenator Mark Warner Sheds Light on New Policy Implications for CDFIs During OFN Webinar2021 has brought big political changes to Washington, D.C. — a new President, new Congressional leaders, and new opportunities. On March 4, Senator Mark Warner (D-VA) joined several hundred… March 15, 2021
NewsOFN Weighs in on Federal Reserve CRA Reform ProposalFederal bank regulators continue efforts to update the Community Reinvestment Act (CRA) regulations. On February 16, OFN submitted comments to the Federal… February 25, 2021
