Opportunity Finance Network (OFN) is the national association of community development financial institutions (CDFIs). Our network helps money flow across all 50 states to people and places where traditional finance doesn’t reach.
There are nearly 1,100 certified CDFIs in the United States. Including community development loan funds, banks, venture capital funds, and credit unions, CDFIs are a $185 billion industry. More than 270 CDFIs are also members.
CDFIs create positive changes across America by financing individuals and projects that create and maintain living-wage jobs, spark small businesses, build quality, affordable homes, and invest in vital community facilities. These mission-driven investors bring creative and transformative finance to all the communities they serve. And OFN provides capital, advocacy, and capacity building to help OFN member and non-member CDFIs create impact.
The first CDFIs began lending to low-income communities in 1973. OFN was founded in 1986 to support and enhance the work of individual CDFIs by offering a national perspective and a collective voice. Since then, OFN’s membership has grown and evolved into a network of over 270 CDFIs with nearly $22 billion in assets and our footprint is now nationwide.
There is still much more to do. Providing access to responsible, affordable finance is the key to our success. We invite you to learn more about the issues, what’s at stake, and what we at OFN believe is still possible to achieve.