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 Opens the 2019 round of New Markets Tax CreditsThe CDFI Fund has released the Notice of Allocation Availability (NOAA) for the 2019 Calendar Year (CY) round of the New Markets… September 4, 2019
NewsOFN Member Awards $1.8 Million to Improve Healthy Food Access NationwideOn August 27, Philadelphia-based OFN member Reinvestment Fund announced $1.8 million in financial and technical assistance awards to 23 projects through the Healthy Food Financing… August 28, 2019
NewsOFN Seeking Stories about Small Businesses Impacted by Predatory Lending practicesHas your organization recently seen an increase in small business owners looking to refinance from high-cost debt products? OFN is seeking stories… August 8, 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
NewsCongressman Dan Newhouse Visits OFN Member Lower Valley Credit UnionOn May 31, Lower Valley Credit Union (LVCU) was thrilled to sit down with Congressman Dan Newhouse (R-WA) to discuss our community development… June 13, 2019
NewsOFN Submits Comments to Treasury Urging Opportunity Zone TransparencyThe IRS and Department of the Treasury recently closed a Request for Information commenting period on reporting, data collection, and transparency requirements… June 4, 2019