OFN is pleased to announce 11 new members have joined our network! We welcome the following CDFIs:

National Association of Latino Community Asset Builders (NALCAB) – Headquartered in San Antonio, Texas, NALCAB, was founded in 2002 to help Latino community development organizations gain greater access to capital and technical resources. Today, NALCAB represents over 100 different organizations and focuses on equitable neighborhood development, family financial capability, and small business investment.

Northwest Native Development Fund (NNDF) – A Native CDFI located in Coulee Dam, Washington, NNDF focuses on the Native peoples in Washington and beyond. With business, consumer, and microenterprise loans, NNDF helps their clients access capital. They also focus on personal finances, helping their clients escape pay-day loans and build better financial habits.

Utica Industrial Development Corporation (UIDC) – Located in Rome, New York, which is nestled in the Mohawk Valley, UIDC is a new CDFI offshoot of Mohawk Valley EDGE, an economic development organization. Since becoming a CDFI in 2016, UIDC focuses on business lending to manufacturing and services orientated businesses.   

Chehalis Tribal Loan FundA Native CDFI located in Northwest Washington State, the CTLF provides small loans, training, technical assistance, and business incubation to the Chehalis Reservation and nearby communities.

Great Falls Development Authority, Inc.Located in North Central Montana, Great Falls offers a variety of loans, including for all stages of business development as well as for environmental cleanup and assessment. The organization's lending has helped create over 2,500 jobs in its service area since 1996.

Economic Development & Financing Corporation (EDFC) – A loan fund located in the northern California town of Ukiah, EDFC is a business lender serving Mendocino County. The CDFI is also leading the way in improving the digital infrastructure of its region.

JARI Growth FundA new CDFI, having received certification in 2017, JARI serves a seven county region in South Central Pennsylvania. The organization focuses on microenterprise loans and intensive, customized technical assistance for borrowers.

Midlands Housing Trust Fund (MHTF) – A loan fund located in Columbia, South Carolina, MHTF has been working since 2010 for the creation and preservation of affordable housing in the region.

The Habitat for Humanity New York City Community Fund – A new CDFI certified this year, Habitat NYC Community Fund is the loan fund arm of Habitat for Humanity NYC’s Affordable Housing Preservation Program. The CDFI focuses on lending to sustain affordable housing for low to moderate income New Yorkers.

Appalachian Growth Capital (AGC) – The lending subsidiary of Appalachian Partnership Inc., AGC is a new CDFI certified this year that focuses solely on Appalachian Ohio, becoming the first CDFI to do so. 

The Working World, Inc. Located in New York City, The Working World focuses on lending to cooperative businesses in low income communities both nationally and internationally using non-extractive patient finance and custom technical support.

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Are you interested in joining OFN? We offer two ways to join:  

OFN members are performance-oriented CDFIs that finance community businesses and consumers, delivering both sound financial returns and real change. As an OFN member, CDFIs can leverage a network of more than 270 CDFIs to increase their impact and help shape the industry. Membership also offers discounts on OFN products and services, as well as access to members-only services.  

OFN allies are organizations and individuals that share our mission and want to be active partners in the opportunity finance industry. Allies—which include CDFIs that do not meet our eligibility criteria—support our core purpose of aligning capital with social, economic, and political justice. Allies receive priority access to discounts, OFN resources, and enhanced access on CDFI Connect. 

 

 

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