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Help us advocate for equitable access to capital and resources.
Renew the CDFI Bond Guarantee Program
https://www.congress.gov/bill/118th-congress/senate-bill/869?s=1&r=48
This bill permanently reauthorizes and otherwise revises the Community Development Financial Institutions (CDFI) Bond Guarantee Program. Specifically, the bill (1) reduces the CDFI Bond Guarantee Program minimum issuance amount from $100 million to $25 million, and (2) reduces the amount allowed to be held in a CDFI's relending account.
Reforming the Community Reinvestment Act
Be an advocate for universal accessible capital.
Community development practitioners have long decried the modest levels of bank investment in low-income communities. An effective, well-enforced Community Reinvestment Act that keeps pace with the changing financial services industry is critically important. Read OFN’s recommendations on how to update and strengthen the Community Reinvestment Act.