Annie Donovan announced she is stepping down from her role as Director of the CDFI Fund effective January 4, 2019. She will be succeeded by Jodie Harris who served as Director of the office of Small Business, Community Development.
New York State continues making strides to improve access to clean energy sources like solar and wind for low-and-moderate (LMI) New Yorkers. Last month, the New York State Energy Research and Development Authority (NYSERDA) and NY Green Bank (NYGB) took a step to help improve access to clean energy sources like community solar for LMI New Yorkers by issuing a (RFI) to gain a greater sense of market barriers and challenges facing stakeholders who specifically focus on the LMI sector in the state. Through this request, the state will solicit feedback from solar developers, project sponsors, financial institutions, and community development financial institutions (CDFIs) like many of the Opportunity Finance Network (OFN) members.
In a new article on Impact Alpha, Tim Ferguson, writes how CDFIs are well-positioned to be the next "alternative" financial vehicle of choice for those seeking to place their capital in investments that have both financial and social returns.
OFN is once more partnering with Landit to support a cohort of CDFI women in an exciting opportunity to advance their career paths. With generous support from Morgan Stanley, OFN will offer this unique experience to a second cohort of CDFI women professionals.