There are only a few weeks left until August and while many of us may be heading for vacation, it is important to remember that August is a crucial month for advocacy.
On July 13, the House Appropriations Committee approved the Financial Services and General Government (FSGG) fiscal year (FY) 2018 Appropriations bill. The bill reduces the CDFI Fund’s budget from FY17 funding level of $248 million to $190 million, a decrease of 23 percent. The bill continues the CDFI Bond Guarantee Program (BGP) with $500 million in guarantee authority.
Each summer, OFN interns have been outstanding additions to our two offices, and this year is no different. Our four interns share a passion for OFN’s work and a desire to grow the CDFI industry.
First Nations Oweesta Corporation and OFN are proud to announce the opening of nominations for the two 12th Annual Native CDFI Awards, which recognize excellence in the Native CDFI industry.
This week, the Global Steering Group for Impact Investment (GSG), an independent multilateral catalyzing impact investment and entrepreneurship, awarded its 2017 GSG Honor for Impact Asset Owner of the Year to Reinvestment Fund, an OFN Member CDFI. Presented at the GSG Impact Summit 2017 in Chicago, the award honors asset owners—including institutional investors, philanthropies, high net-worth individuals, family offices, corporations, banks, governments, and development-finance institutions—directing their capital to impact.