Announcements

  • Call for CDFI Women's Network Volunteers

    The CDFI Women's Network is seeking volunteers to serve on its Programming, Local Chapters, Communications, and Technology Committees. We invite you to take advantage of this great leadership opportunity to meet the brilliant women of the CDFI industry, help build the Network AND your career!

    Our goal is to recruit 6-8 volunteers per committee who will help shape the work of each committee, for a total of up to 24-32 volunteers. We're looking for women with creative ideas and energy, who have time to add this extra-curricular activity to their (likely already busy) schedules. We're also looking for women at any stage of their career, experienced or new to the industry, in any role within their organization, and from diverse backgrounds. We welcome women working for CDFIs, banks, foundations, government agencies, consulting firms, research firms or any organization supporting the CDFI ecosystem.

    Committee Descriptions:

    ·        Programming Committee: Develop programs and services to connect and build the capacity of CWN members, including learning and professional development opportunities and curating content for CWN's CDFI Connect Online Community

    ·        Chapters Committee: Support the growth of local/virtual chapters of the CWN

    ·        Technology Committee: Working in collaboration with OFN staff to manage the CDFI Connect Online Community and member database; work with all other committees to disseminate information to the network

    ·        Communications Committee: Capture and communicate (via the online community, social media, etc.) the role and successes of the CWN and its members; assist local chapters in planning networking events; and assist the CDFI Women's Network in general outreach and communications activities

    Committee members will be asked to have an initial meeting by the end of September and report out on their priorities and progress at the CWN gathering at OFN's annual conference in Chicago in October.

    This opportunity is on a first-come, first-served basis, so don't hesitate to contact us if you're interested! We may not be able to accommodate everyone in this first round of volunteering, but we will keep everyone's name on a list and offer short-term opportunities in the future.

    Please sign up to volunteer using this https://www.surveymonkey.com/r/CWN2018   
    You can also email Vicky Stein and/or Megan Teare if you have any questions.

    Apply for a committee volunteer position here by end of day Friday, September 7.

    Thank you for your interest and we look forward to working with you!

    Sincerely,

    Victoria E. Stein
    Vice President of Strategic Partnerships
    Community Reinvestment Fund, USA


    Megan Teare
    Senior Vice President
    Wells Fargo Community Lending and Investment
  • Welcome Two New Financial Services SVPs to OFN!


    We are delighted to share the news of two new additions to the OFN team. Andrea Longton and Lisa Wright are joining OFN as Senior Vice Presidents (SVP) for Financial Services.

    Andrea will focus on the OFN CDFI Bond Guarantee Program (BGP) and started with us on June 18. She comes to OFN from Freddie Mac. Before that she ran the BGP program at Capital Impact Partners, an OFN member CDFI, and she has prior financial analyst experience. We look forward to taking our BGP work to the next level under Andrea’s leadership and expertise.

    Lisa’s first day is June 25. In her role, she’ll concentrate on OFN’s CDFI portfolio. Having worked for Standard & Poor’s, Kresge and Ford Foundations, ImpactUS, and more, Lisa brings underwriting and portfolio management experience in both the private and CDFI sectors. Lisa also sits on the OFN investment committee and has been a financial services consultant to us for several years. She will be a strong addition to the team.

    Please join OFN in welcoming Andrea and Lisa! 

    Andrea can be reached by email starting today. Andrea can be reached by email when she joins us on June 25.
  • OFN Statement on U.S. Treasury's CRA Modernization Recommendations

    Dear CDFI Connect Community,

    Yesterday, the US Department of the Treasury released recommendations on Community Reinvestment Act modernization. OFN issued a statement to the media and will be monitoring developments closely.

    Overall, OFN found Treasury's recommendations quite thoughtful. OFN was consulted by Treasury officials in the development of the paper, and we were pleased that some, but by no means all, of our recommendations were included (see page 23). As with most policy proposals, the "devil will be in the details." One person's definition of "flexibility" could be another's definition of "weakening," so we must pay careful attention as this debate unfolds.

    Bank regulators are expected to release their own proposed reforms any day now which may or may not track the Treasury Department's recommendations. OFN will be back in touch with you with more information, analysis, and opportunities for advocacy. Feel free to contact me with questions or suggestions about CRA or other OFN public policy issues.
     
     
    Sincerely,
    Jennifer Vasiloff
    Executive Vice President, Policy
    Opportunity Finance Network
  • Welcome to the CDFI Women’s Network!

    The CDFI Women's Network (CWN) is an independent, women-led, volunteer organization dedicated to promoting the advancement of women who work for CDFIs or for organizations that support the Community Development Finance industry. CWN creates opportunities for members to connect, share, and learn from each other to foster their professional success. We seek to mentor emerging practitioners and commit to being a diverse and inclusive organization that reflects the industry and the communities and people we serve. Please join us in connecting, supporting, and learning from each other! 

    Sincerely,
    @Vicky Stein
    @Megan Teare​​
  • OFN Names Andrew Givens as COO and Jennifer Vasiloff as CEAO


    Key hires further strengthen OFN’s commitment to bring more capital, capacity, and visibility to community development financial institutions delivering responsible finance

    Philadelphia, PA & Washington, D.C., November 8—Opportunity Finance Network (OFN) today announced Andrew Givens, an accomplished executive with more than 20 years' experience in the public, nonprofit and private sectors, has joined the national network of community development financial institutions (CDFIs) as Chief Operating Officer. Givens is responsible for leadership, strategic direction, executive management, and representation of OFN. In addition, Jennifer Vasiloff joins OFN as Chief External Affairs Officer, a role capitalizing on her 16 years of experience in promoting and strengthening the CDFI field. Vasiloff will lead the organization’s efforts to raise the profile of CDFIs, particularly at the national level.
  • Welcome to the Small Business Finance community

    Welcome to the Small Business Finance community; a platform for responsible small business lenders to network, collaborate, share resources, and access training opportunities! Thank you to Capital One and Woodforest for your generous support launching this online community. We hope you will take a few moments to browse the resource library and engage in a discussion; come back often to access new content and connect with community members.
  • Welcome to CDFI Connect Community!

    We know the value that opportunity finance practitioners put on the networking and educational opportunities OFN provides through our programs and events. To build on that value, we are excited to provide the CDFI industry with another environment to connect, engage and share critical industry information and best practices in real time. Click here for some simple steps users can make to quickly take advantage of the Discussion Board.