Despite a challenging outlook for the FY 2020 budget and appropriations process, the 116th Congress brings opportunity to introduce CDFIs to newly elected Members of Congress and new leadership on key committees. In both the House and Senate, new leadership and members resulted in changes in the composition of committees of jurisdiction over issues impacting the CDFI industry, in particular CDFI Fund appropriations and the New Markets Tax Credit program.
OFN is excited to announce Amir Kirkwood has joined us as Chief Lending and Investment Officer. In this newly created position, Amir is responsible for the strategy, development, implementation, and risk management of OFN’s financial services.
OFN welcomes five new CDFIs to our network: Champions Funding LLC, Nonprofit Loan Fund of Tuscon and Southern Arizona, CAHEC Capital, Sabre Finance, and Omaha 100.
Just released 2019 Prosperity Now Scorecard shows that millions of families are struggling to make ends meet or are just one emergency away from a financial disaster.
During the government shutdown, families, communities, and CDFIs experienced numerous hardships and disruptions. Many CDFIs met the challenge faced by their borrowers in creative and inspiring ways.