OFN is pleased to announce five new members have joined our network. We welcome the following CDFIs:
- Champions Funding LLC provides construction loans to nonprofit developers for rehabilitation of distressed houses and construction of new single-family homes on scattered lots for low-income families
- Nonprofit Loan Fund of Tucson and Southern Arizona (NPLF) strengthens communities by making loans to organizations and small businesses that traditional lending institutions may not fund. These loans help increase services to clients and other constituents and create and retain jobs in underserved communities.
- CAHEC Capital is a lending affiliate of Community Affordable Housing Equity Corporation (CAHEC), a nonprofit tax credit equity syndicator founded in 1992 and located in Raleigh, NC. Created in 2014, with loan originations commencing in 2015, CAHEC Capital provides flexible and affordable loan products to Low-Income Housing Tax Credit (LIHTC) developers focused on development financing for new affordable housing communities and preserving and improving existing low-income neighborhoods. CAHEC Capital's mission is to promote healthy, empowered, and sustainable housing opportunities for low- and moderate-income individuals and families.
- Sabre Finance seeks to stimulate economic development through financial and technical assistance for small- and medium-sized businesses, particularly those located or wishing to locate in distressed areas of Alabama in general and the Birmingham region specifically. The CDFI offers business counseling/coaching, traditional lending and special needs lending, and a variety of equity investments. Its primary target market is the Birmingham metropolitan area.
- Omaha 100 provides financing products in the City of Omaha, Nebraska and Council Bluffs, Iowa. Its Loan Fund finances the building and rehabilitation of affordable homes and distributes Community Development Block Grant Funds, HOME Funds, and Federal Home Loan Bank down payment assistance funds. Its mission is to provide home- and finance-related services and capital to facilitate neighborhood revitalization and housing opportunities for low- to moderate-income populations.
Are you interested in joining OFN? We offer two ways to join OFN:
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 250 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.