Advocacy Tools and Fact Sheets

  • Issues-driven tools CDFIs can use in

  • advocacy efforts

For our members and other community development financial institution (CDFI) industry stakeholders, OFN offers advocacy toolkits and fact sheets about OFN’s membership and key policy priorities. 

For more information about any of the information presented here, contact Jennifer A. Vasiloff, Chief External Affairs Officer, at 202.573.2123.

Empower Communities Through Responsible, Affordable Finance

For more than 30 years, leveraging capital from banks, foundations, corporations, and government, CDFIs have helped move money into rural, urban, and Native communities that mainstream bank financing does not reach.

Leverage CDFIs to Rebuild America’s Infrastructure

To improve the physical and financial infrastructure in low-income and minority communities, support small businesses, and ensure every community has quality, affordable housing and state-of-the-art community facilities, Congress must continue to invest in CDFIs.

Extend and Strengthen the New Markets Tax Credit (NMTC)

Without Congressional action to extend it, the NMTC’s current authorization will expire on December 31, 2025. OFN strongly supports the reauthorization effort and the New Markets Tax Credit Extension Act.

OFN Letter to the Federal Reserve on Reforming Community Reinvestment Act Regulatory Framework (February 2021)

OFN strongly supports the Community Reinvestment Act (CRA) while also acknowledging that there are aspects of the law and its administration that could be improved.

Bank Investment Falls Short in Rural America: Reforms to the Community Reinvestment Act (CRA) Could Help

Community development practitioners have long decried the modest levels of bank investment in rural communities. OFN has documented this pattern through the data collected annually from community development loan funds in our membership. 

CDFI Bond Guarantee Program

The CDFI Bond Guarantee Program (BGP) was enacted as part of the Small Business Jobs Act of 2010. Designed as a zero-subsidy federal program—operating at no cost to taxpayers—the BGP enables participating CDFIs access to affordable, long-term capital. In FY 2021, the CDFI Fund was authorized to issue up to $500 million in bonds through the BGP. OFN’s FY 2022 request is for the continuation of the BGP with $500 million in guarantee authority.