Announcements

  • 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.