#CDFI

Bank of America Allocates $10 Million for LA Fire Recovery Efforts Bank of America has committed $10 million in zero-interest loans to assist small businesses and residents affected by the recent wildfires in Los Angeles.

2 months ago

Bank of America Allocates $10 Million for LA Fire Recovery Efforts #United_States #Los_Angeles #Bank_of_America #CDFI

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Shelterforce

@shelterforce.bsky.social

3 months ago

When community lenders guide the money, Opportunity Zones can close equity gaps—not widen them. Chicago’s OZ “matchmaker” model is one to watch.

Read more: bit.ly/3K7Dtl8

#CommunityInvestment #OpportunityZones #CDFI

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Shelterforce

@shelterforce.bsky.social

3 months ago

OZ 2.0 adds transparency and reporting.

The question now: will the money follow community priorities or flow to luxury projects? Chicago’s CDFIs are proving it can work for residents.

Read more: bit.ly/3K7Dtl8

#CDFI #ImpactInvesting #AffordableHousing

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Andre M. Perry

@andreperryedu.bsky.social

4 months ago

Building inclusive economies | Brookings Brookings will host an event to discuss the potential of community-based financial institutions in expanding Black business ownership

This Wednesday @brookings.edu! Building inclusive economies : How Community Finance Fuels Black Business Expansion www.brookings.edu/events/build... #CDFI #Banking

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Inside Philanthropy

@insidephilanthropy.com

4 months ago

Checking in With MacKenzie Scott’s Affordable Housing Grantees a Year Later Plans are coming into focus following the mega donor’s big gifts in 2024 to address housing costs in Silicon Valley and the Bay Area.

Checking in with MacKenzie Scott's affordable housing grantees one year later.

Sarah Henry reports: tinyurl.com/yft9h4cr

#MacKenzieScott #YieldGiving #AffordableHousing #HousingTrustSiliconValley #Philanthropy #CommunityDevelopment #CDFI #EconomicMobility #SocialImpact #TrustBasedGiving

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South Dakota Searchlight

@southdakotasearchlight.com

4 months ago

Trump administration guts community finance fund, a move that threatens tribal economies • South Dakota Searchlight Native Community Development Financial Institutions are threatened by a reduction-in-force notice from the Office of Management and Budget.

Terminating the #CDFI Fund is a move that’s come with pushback by leaders at the National Congress of American Indians, who warn the termination would be detrimental to lending and economic development in Indian Country, reports @ict-news.bsky.social.

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Finance Leader Donna Gambrell Honored with 2025 Ned Gramlich Lifetime Achievement Award for Excellence in Community Development Donna Gambrell, a champion of community development finance, is recognized with the prestigious 2025 Ned Gramlich Lifetime Achievement Award for her dedication.

4 months ago

Finance Leader Donna Gambrell Honored with 2025 Ned Gramlich Lifetime Achievement Award for Excellence in Community Development #United_States #Washington,_D.C. #CDFI #Opportunity_Finance_Network #Donna_Gambrell

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Dorchester Bay EDC

@dbedc.bsky.social

4 months ago

CDFI Coalition

⚠️IMMEDIATE Action for the #CDFIFund: Sen. Crapo and Rep. Young need signatures on a letter of support for the CDFI Fund to Congressional Republicans. If you or someone you know have a Republican Rep, urge them to sign the letter today!
www.viethconsulting.com/msg_detail.p...

#CDFI

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@tantvstudios.bsky.social

4 months ago

Maryland’s Most Admired CEO Watchen Harris-Bruce to Retire From Baltimore Community Lending as Successor Search Begins Major Baltimore lender serving the Baltimore metro area, Baltimore Community Lending (BCL), today announced the retirement of President and CEO Watchen Harris-Bruce, who is scheduled to step down in 2026 after seven years of service. Bruce, who was recently honored as one of Maryland's Most Admired CEOs by The Daily Record, will remain on board through the leadership transition.

Major Baltimore lender BCL announces CEO Watchen Harris-Bruce, Maryland’s Most Admired CEO, will retire in 2026. She’ll remain through the transition as a national search launches for her successor. BCL continues its mission to support underserved communities. #Baltimore #CDFI #Finance #Maryland

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Dorchester Bay EDC

@dbedc.bsky.social

5 months ago

Event amidst challenges to the #CDFI fund, DBEDC remains steadfast in ensuring that #smallbusinesses like Richard's Barbershop get the capital they need.

With investment from DBEDC, Ricardo is training the next generation of barbers. His 3 barbershops are community spaces of belonging.

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Puerto Rican School, Backed By CDFI Support, Changes Lives Through Hands-On Education Learn more about the Girasol School in Puerto Rico, a Montessori school teaching students through a dual-language, hands-on program.

5 months ago

When traditional financing said “no,” OFN member #CDFI, The Sunlight Loan Fund, said “yes.” The Girasol School in Dorado, PR opened its doors and created 46 new seats. Learn more: www.ofn.org/impact-stories/puerto-ri...

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Investing in People and Places: CommunityWorks In this highlight, the CommunityWorks team shares how and why they are a community pillar in South Carolina.

5 months ago

In Greenville, SC, OFN member CDFI CommunityWorks has spent more than a decade investing in people, places, and possibilities. Learn why this #CDFI is a true community pillar: www.ofn.org/blog/investing-in-people...

#CDFIsInvest #OpportunityNext

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Opportunity Finance Network Launches New Portfolio Management for Enhanced Community Investment The Opportunity Finance Network has introduced a dedicated Portfolio Management division to streamline investment services and enhance support for community development financial institutions.

5 months ago

Opportunity Finance Network Launches New Portfolio Management for Enhanced Community Investment #USA #Washington #Opportunity_Finance #CDFI #Khalid_Sarwary

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Ohio Veterans Expand Healthcare Access in Their Community With CDFI Investment Learn more about Patriot At Home, a veteran-owned home healthcare business serving patients in Girard, Ohio.

5 months ago

In Girard, OH, veterans turned entrepreneurs are expanding healthcare access with support from a local #CDFI. Learn more: www.ofn.org/impact-stories/ohio-vete...

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Subscribe For the latest updates and information on the CDFI industry and OFN, subscribe to our newsletter.

5 months ago

Stay ahead of CDFI news, stories, and voices—plus timely policy alerts and field insights. Get the essentials in your inbox. Subscribe: https://www.ofn.org/subscribe/

#CDFI #PublicPolicy #CommunityFinance

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Bank of America Allocates $12 Million for Hurricane Recovery in Western North Carolina Bank of America is committing $12 million in zero-interest loans aimed at supporting recovery efforts for residents and small businesses affected by Hurricane Helene in Western North Carolina.

5 months ago

Bank of America Allocates $12 Million for Hurricane Recovery in Western North Carolina #United_States #Asheville #Hurricane_Helene #Bank_of_America #CDFI

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Rise Economy

@rise-economy.bsky.social

5 months ago

🚀 Rise Economy’s Fall 2025 Curated Learning Series kicks off Friday, Sept. 26 with two free virtual sessions! Topics include: AI, Innovation & Equity, AI tools for Lenders & Nonprofits

👉 Register here: rise-economy.org/clseries/sept

#AIForGood #CDFI #NonprofitTech

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5 months ago

Impact you can taste: Mokuwai Piko Poi supports Kau Kau 4 Keiki (220k+ summer meals) + The Food Basket—preserving tradition and creating jobs. Learn more: www.ofn.org/impact-stories/cdfi-nour...

#CDFI #Hawaii #FoodSystems

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Blog The OFN blog offers CDFI industry news, stories, and voices. Subscribe to get updates sent straight to your inbox!

6 months ago

Looking for the latest news, stories, and voices from OFN and the CDFI field? From policy updates to on-the-ground impact, our blog brings the ecosystem together. Read now: https://www.ofn.org/blog/

#CDFI #CommunityFinance #Impact #PublicPolicy

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6 months ago

When banks said no, an OFN member CDFI said yes. Layered financing + mentorship → more local taro/poi, fewer imports, stronger culture. Story: www.ofn.org/impact-stories/cdfi-nour...

#CDFI #Hawaii #FoodSystems

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Steel Company Forges Growth in Rural Kentucky with CDFI Support Discover Solid Steel Solutions, a small business in Middlesboro, Kentucky making waves in mining equipment repair.

6 months ago

#SmallBiz = strong communities. Solid Steel Solutions is keeping KY strong by creating jobs & diversifying its work beyond coal, with support from OFN member #CDFI Kentucky Highlands Investment Corp www.ofn.org/impact-stories/steel-com...

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Minneapolis Fed

@minneapolisfed.bsky.social

6 months ago

Understanding the Native CDFI landscape | Federal Reserve Bank of Minneapolis A Center for Indian Country Development survey quantifies the shared practices and distinctive characteristics of Native Community Development Financial Institutions

Native CDFIs emerged to help address the credit gap in Native communities. New research from the Center for Indian Country Development provides a census of the Native #CDFI landscape—quantifying their shared practices and distinctive characteristics: https://bit.ly/4ndW64x

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6 months ago

Minnesota Ice is a large sculpture-grade ice maker. The Baileys are wood artists in Duluth. Different industries, same story: small businesses thriving with #CDFI support. Learn more: www.ofn.org/what-is-a-cdfi/key-prior...

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