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
NewsHouse Subcommittee Approves $300 Million for the CDFI Fund in FY 2020On June 3, the House Appropriations Financial Services and General Government (FSGG) Subcomittee approved its FY 2020 appropriations bill which included $300… June 4, 2019
News$3.5 Billion in New Markets Tax Credit Allocations AwardedOn May 23, the Community Development Financial Institutions Fund (CDFI Fund) allocated $3.5 billion in New Market Tax Credits to 73 community development… May 28, 2019
NewsSecond Tranche of IRS Opportunity Zone Regulations ReleasedThe IRS and Department of the Treasury released the long-awaited second tranche of regulations for Opportunity Zones in mid-April. The first round… May 2, 2019
NewsOFN Continues to Advocate for Opportunity Zone Reporting Requirements and Community AccountabilityOFN continues to express our concerns that without strong reporting and transparency requirements, the communities impacted by Opportunity Zone investment will have… May 2, 2019
NewsThe White House Opportunity and Revitalization Council Prioritizes Opportunity Zones Across the Federal GovernmentThe White House Opportunity and Revitalization Council recently held their first meeting and released their Implementation Plan. The White House Opportunity and… April 30, 2019
NewsShare Your Opportunity Zones Strategy with the CDFI IndustryWith all the attention currently focused on Opportunity Zones by government officials, the private sector, and the press, it can be difficult… April 30, 2019
