OFN Submits Comments on CDFI Fund Authorizing Statute
OFN recently submitted a comment letter to the CDFI Fund in response to their request for comment regarding the Fund’s authorizing statute. Last month, OFN solicited input from our Members on a Staying Connected Call in order to shape and guide our comments. We would like to thank all our Members for their thoughtful, detailed input on the letter. View the final comment letter.

The 2009 Community Development Financial Institutions (CDFI) State Legislation and Advocacy Guide is now available for download! This rich resource, now in its fourth year of publication, tracked legislation across a broad range of categories in which CDFIs are active participants. This year, the guide contains nearly 300 bills, as well as analysis of regional, year-to-year, and cumulative trends, as well as separate sections dedicated to analyzing subject matter areas of significant relevance to the CDFI industry including asset accumulation, affordable housing, mortgage lending, small business development, and others.

CDFI Found Announces Native American CDFI Assistance Awards
On April 30, Senator Jeff Bingaman (D-NM), accompanied by CDFI Fund Director Donna Gambrell, announced $10.3 million in awards under the Fund's Native American CDFI Assistance (NACA) program. The announcement, which was made at the Indian Pueblo Cultural Center in Albuquerque, New Mexico, celebrated the 45 Native organizations that received awards during the 2010 funding round.

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