Five CDFIs delivering innovative strategies to meet diverse consumer needs, are set to receive a cumulative $4MM from the Wells Fargo NEXT Awards for Opportunity Finance.

This week OFN announced a commitment with the Clinton Global Initiative, following the launch of Venturize. 2016 Wells Fargo NEXT Award finalists were announced. Enterprise Community Partners explored research relating to LIHTC, and more!

With nearly 60% of Americans struggling with financial health, and a growing number of households turning to high-cost alternative financial products and services, CDFIs are needed more than ever to expand their role and provide this market with affordable and responsible products.