Small Business Lending, Job Creation, Housing Projects, and More Are Summarized in Our Latest Member Report
Small Business Lending, Job Creation, Housing Projects, and More Are Summarized in Our Latest Member Report
Brent Howell
With more than $9 billion in financing delivered to people and communities outside the margins of mainstream finance, the new report covers OFN members’ performance and accomplishments in 2021
Our 2021 member survey data is now available. Now in its 24th edition, the Side by Side report is an annual reference guide for industry practitioners, investors, and other partners interested in understanding the community development financial institution (CDFI) industry’s activity and performance.
The latest edition presents findings from the 2021 Annual Member Survey and includes information on 324 CDFIs in OFN’s membership. Of these, 280 are included in the peer analysis, which is split by primary financing sector and asset size. New this year, OFN added five Native CDFI peer groups.
At a glance
- In 2021, OFN members provided nearly $9.2 billion in financing to people and communities outside the margins of mainstream finance. Individually, members average $32.8 million in financing closed.
- At fiscal year-end, members held $42 billion in total assets and $20 billion in total financing outstanding.
- Cumulatively, members’ financing helped create or maintain nearly 2.6 million jobs, start or expand more than 696,000 businesses and microenterprises, and support the development or rehabilitation of more than 2.3 million housing units and nearly 13,700 community facility projects.
The report is free and available for download here.
For questions about Side by Side or other OFN research publications, please contact Brent Howell, OFN’s senior associate of knowledge sharing, at [email protected] or 202.868.6913.