...compounded by the fact that as of 2016, African Americans had 10x less the median wealth of their White counterparts, with $17,409 for Black households compared to $171,000 for White households. Over the last decade, this disparity...
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...the nation. At the reception, we presented awards to this year’s Champions: Senator Steve Daines (R-MT), Representative Barbara Lee (D-CA-13), and Representative Steven Palazzo (R-MS-4). (Representative Lee receives Award) (Senator Daines...
...them to register for the this year’s OFN Conference, to be held October 20-23 in Washington, D.C. Following the meeting, the OFN team spent the next day visiting three CDFI-funded projects in Kansas City. The...
...of $150,000 in loans from ADC, WomenVenture, and MEDA. Angel also received technical assistance from WomenVenture business consultant Kathy. “Kathy is very patient. She even came out to my office and sat down with me to...
...the business. The business also received a $10,000 COVID-19 emergency loan for rent, utility bills, and payroll, as well as a $20,000 grant through NYEDC’s Queens Small Business Grant Program,...
...Plan. OFN is pleased to see both Congress and the Administration taking note of the critical role of CDFIs in strengthening America’s infrastructure. Several CDFI industry priorities are included in the bills. As highlighted in OFN’s recent blog...
...the Low-Income Housing Tax Credit (LIHTC). The total cap will now be $1.7 billion ($850 million for each entity), an increase of $700 million from the existing cap. In addition,...
...congratulates all the allocatees, particularly the following 35 OFN member CDFIs, who received 34 percent of the allocation totaling $1.705 billion. Accion Opportunity Fund Community Development Arkansas Capital Corporation Black Business Investment Fund, Inc...
...gap, and persistent poverty nationwide. To date, the Finance Justice Fund has closed loans with six CDFIs, totaling $20.5 million, in addition to disbursing grants to four CDFIs, totaling $800,000....