CDFIs across the country are exploring how to use Opportunity Zones (OZone), the new tax benefit directing equity investments into designated low-income census tracts.
On Wednesday, July 25, the Joint Economic Committee (JEC) held a hearing on “The Innovation Economy, Entrepreneurship, and Barriers to Capital Access.” Chairman Erik Paulsen (R-MN-3) presided over the hearing which featured three witnesses: OFN President and CEO, Lisa Mensah, Phil Mackintosh, Sen
On July 18, the House of Representatives voted in favor of three amendments aimed to increase the overall FY19 appropriation for the CDFI Fund to $223 million.
A voice vote was held, and all three amendments were accepted: