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  • Jan28

    Opportunity Fund Advocates for Responsible Lending

    Posted on Jan 28, 2019 by

    Opportunity Fund, alongside fellow members of the Responsible Business Lending Coalition (RBLC) and nearly 60 other organizations, submitted a comment letter outlining how California’s Department of Business Oversight (DBO) should bring true cost transparency to the small business lending market. For more updates, follow along right here on our blog!

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  • Jan23

    Opportunity Fund Provides $20.6 Million to Fund Two Health Clinics on California’s Central Coast

    Posted on Jan 23, 2019 by Chris Huang

    Last month, Opportunity Fund’s New Market Tax Credit program closed on $20,640,000 in low-interest financing to help construct and renovate two health clinics on the Central Coast – one in Lompoc and one in Paso Robles. Once constructed, these two health clinics are projected to serve an estimated 37,000 individuals annually, 77% of whom are estimated to be low-income.

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  • Jan15

    Opportunity Fund Supports Robust and Inclusive Investment in Low-Income Communities

    Posted on Jan 15, 2019 by

    In November, Opportunity Fund responded to a request for comment on a series of questions and potential changes to the Community Reinvestment Act (CRA) released by the Office of the Comptroller of the Currency (OCC). The proposed changes are meant to update and streamline the law’s regulatory and implementation framework. Opportunity Fund strongly supports a robust and inclusive Community Reinvestment Act to drive investments and services in underserved communities. Our comments follow a national trend set forth by advocates and regulators about the importance of maintaining CRA’s ability to facilitate investments into low-and-moderate income (LMI) communities.

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  • Jan08

    Double the Loans, Double the Families Supported

    Posted on Jan 08, 2019 by Ashlyn Smith

    Over the past 25 years, Opportunity Fund has helped tens of thousands of people make basic, yet transformative, improvements to their economic well-being. In only the past two years, we’ve been able to expand our reach and double our loan volume in California as part of our strategic plan to invest $500 million in 50,000 underserved entrepreneurs and working families by 2020.

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  • Jan04

    Grant for New Partnership with Jewish Community Foundation of Los Angeles will Help Sign Off on Hundreds of Microloans

    Posted on Jan 04, 2019 by Melissa Cruz

    Opportunity Fund is excited to announce that we’ll be starting the new year supported by a generous multi-year General Community Grant from the Jewish Community Foundation of Los Angeles (The Foundation). The grant is especially significant since it is our first time collaborating with The Foundation, an institution with a rich history of working with LA individuals and organizations to generate meaningful social impact for both the Jewish community and the larger LA community. (The following includes excerpts from a press release by the Jewish Community Foundation of Los Angeles).

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  • Dec18

    Marking the End of our Savings Program

    Posted on Dec 18, 2018 by Eric Weaver

    This month of December 2018 marks the end of nearly 20 years of Opportunity Fund offering savings incentives and financial education to thousands of Bay Area residents as part of our Savings Program. We made the decision over a year ago to wind down our Savings Program after the FY 2017 Federal completely eliminated a federal program called Assets for Independence (AFI--further described below), which provided 50% of the funding for our work. AFI was a nearly 20-year-old, highly impactful program, and its $25 annual price tag was a very small drop in the Federal bucket. Thus the only Federal program that provided financial incentives to save to very low-income Americans was sacrificed to make may for tax cuts for corporations and the wealthy. We celebrate the extraordinary accomplishments of the savers, donors, partners and employees that were part of the program.

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  • Dec11

    Opportunity Fund Advocates for Extension of New Markets Tax Credit Program

    Posted on Dec 11, 2018 by Chris Huang

    Recently, Opportunity Fund staffers Gabe V. and Chris H. visited the district offices of Congressional representatives where Opportunity Fund has New Markets Tax Credit (NMTC) projects, to advocate for an extension to the NMTC program, which expires at the end of the 2019 government fiscal year. The NMTC program is an incredibly successful community economic development program run by the U.S. Department of Treasury’s CDFI Fund. Since program inception in 2000, $42 billion in private sector capital has been invested through the program into low-income urban and rural communities throughout the country. Over 1,000,000 jobs were generated through NMTC investments between 2003-2015, including 2,000 hospitals, schools, daycare centers, homeless services facilities, and other community facilities.

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  • Dec03

    What a celebration! Recap and Photos From Women’s Entrepreneurship Day 2018 and FOUND/LA Launch

    Posted on Dec 03, 2018 by Ashlyn Smith

    On November 19th, Opportunity Fund joined the Wurwand Foundation and the office of the Mayor of Los Angeles at City Hall to celebrate Women’s Entrepreneurship Day. More than 1,000 women entrepreneurs came to witness the exciting launch of FOUND/LA with us. Thank you to everyone who joined us to celebrate women entrepreneurs in Los Angeles!

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  • Dec03

    Remember to Shop on Amazon Smile, and Amazon will Donate to Opportunity Fund!

    Posted on Dec 03, 2018 by Chelsea Camp

    Don't forget, Opportunity Fund still participates in Amazon Smile! That means when you shop on Amazon Smile, Amazon will donate 0.05% of your purchase to Opportunity Fund!

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  • Dec03

    Opportunity Fund Welcomes Liz Pesch as Executive Vice President and Chief Financial Officer

    Posted on Dec 03, 2018 by Chelsea Camp

    Opportunity Fund is pleased to announce that Liz Pesch will be joining Opportunity Fund as the new Executive Vice President & Chief Financial Officer. Liz brings over 15 years of experience in the finance and banking industries. She joins Opportunity Fund’s leadership as the organization aims to scale its reach in California and across the U.S., working towards a strategic plan to invest $500 million to drive economic mobility for 50,000 underserved entrepreneurs and working families by 2020.

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