CDFI Community Investment Fund

  • Long-term, EQ2 investment capital for CDFIs,

  • a joint venture funded by Woodforest National Bank

  • and Opportunity Finance Network

Overview

The CDFI Community Investment Fund, LLC provides cost effective, flexible, subordinate long term loan capital for CDFIs. Woodforest National Bank, a mission-focused, full-service retail and commercial bank headquartered in The Woodlands, TX, is committed to increasing equity type investments and lending to CDFIs and has teamed up with Opportunity Financing Network to design, market, and manage the fund. This initiative is part of Woodforest's Small Business Growth Initiative, a comprehensive and multifaceted approach aimed at building America's small businesses and their ecosystems.

With an initial funding commitment of $5.5 million—and with an option to increase the commitment up to $22 million over the next four years—the Fund will provide investments to CDFIs financing community development projects and small businesses in Woodforest’s 17-state region. The target geographic region includes these states: Texas, North Carolina, Virginia, West Virginia, Maryland, Illinois, Indiana, Pennsylvania, Ohio, New York, Alabama, Kentucky, South Carolina, Louisiana, Mississippi, Georgia, and Florida.

Woodforest's Cathy Nash, addressing the 2016 OFN Conference in Atlanta

 

Interested? Complete an Expression of Interest Application

The Fund is considering 10 year, subordinated EQ2 investments to CDFIs that are active in the Fund’s target geographic regions listed above. To increase wealth-building opportunities in communities, the fund is targeting individual investments of between $250,000 and $750,000.

Click on the button below and complete a brief information form on your organization. OFN will review all of expressions of interest on a rolling basis and contact each of the interested parties to formally accept applications based on portfolio and timing considerations.

Questions? Contact Robin Odland or Max Gritzuk.

APPLY NOW

Can I access Woodforest National Bank’s and OFN’s other credit products?

Participation in the CCI Fund does not preclude any CDFI from pursuing any other credit product or financial service offered by Woodforest National Bank or OFN. CDFIs are encouraged to explore the other attractive financial services and products offered by both of these institutions. You should contact any of the following people about WoodForest National Bank’s or OFN’s other financial services:

Woodforest National Bank Contacts:

Opportunity Finance Network Contacts:

Daniel Galindo

210-202-2363

dgalindo@woodforest.com

Robin Odland

215-320-4328

rodland@ofn.org

Boyd Nelson

832-375-2562

boyd@woodforest.com

Max Gritzuk

215-320-4305

mgritzuk@ofn.org

To learn more about Woodforest National Bank click here.

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