Since 1996, when the CDFI Fund made its first awards, CDFIs have grown to deploy total assets of approximately $150 billion (according to the CDFI Fund at the end of the third quarter 2018).
OFN tracks the impact and performance of our member CDFIs annually. With more than $53 million in cumulative financing since inception through 2016, OFN member CDFIs have helped to:
- create or maintain more than 1.2 million jobs
- start or expand over 256,000 businesses and microenterprises
- support the development or rehabilitation of over 1.9 million housing units and 10,429 community facility projects
In 2016, OFN’s members had a net charge-off ratio of 0.35%, outperforming FDIC-insured institutions whose ratio in that same time period was 0.47%.
Learn more in OFN’s annual publication, Opportunity Finance Institutions: Side by Side publication for fiscal year 2016—Nineteenth Edition. Available here.
See where CDFIs have delivered finance here.