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
NewsBiden Reforms to Paycheck Protection Program Advantage Smallest BusinessesOn February 22, the Biden Administration announced changes to the Paycheck Protection Program (PPP) designed to deepen the program’s ability to reach very small… February 25, 2021
NewsApply Now for $1.25 Billion in Rapid Response GrantsThe application period for the CDFI Rapid Response Program (CDFI RRP) is now open! The CDFI RRP will distribute $1.25 billion of… February 25, 2021
News23 OFN Members Receive Grants for Affordable HousingOn February 22, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced more than $175 million in grants to 27… February 22, 2021