The CDFI Bond Guarantee Program (BGP) is now in its third year of operation, yet not enough CDFIs have accessed it given the value it offers. OFN is committed to making this program work better and work for more CDFIs. One way to accomplish this is for OFN to borrow under the BGP in order to pass on the bond proceeds to our Members in the form of OFN BGP loans. OFN believes this would significantly expand the number and types of CDFIs that benefit from the BGP's long term, affordable, fixed rate debt capital.
As OFN considers applying to borrow under the BGP to pass on the bond proceeds to our Members, we wish to gauge potential Member demand for this loan product. Your survey response will help us answer this question. We’ll use the responses to size our BGP application request and structure our loan products to best meet your needs.
Due to the nature of the questions, we ask that your CEO, CFO, or Chief Lending Officer complete this survey. Please submit one survey per organization.
If OFN is successful in borrowing under the BGP, we believe we can expand the reach of this valuable source of capital to a greater variety of CDFIs, including small to medium-sized CDFIs, small business-lending CDFIs, and CDFIs led by people of color.
Thank you in advance for participating in this short survey.
Please submit your completed survey by midnight on April 17.