In 2017, OFN Members provided $8.1 billion in financing, helping to create or maintain 1.35 million jobs, start or expand more than 321,600 businesses and microenterprises, and support the development or rehabilitation of more than two million housing units and 11,100 community facility projects. While portfolio performance declined for the first time in five years, with 90-day delinquencies increasing from 1.25% to 1.81%, the network’s annual net charge-off rate outperformed FDIC-insured institutions for the third year in a row.
This information—and more—is available in the 20th edition of Opportunity Finance Institutions: Side by Side, OFN's signature annual reference guide which highlights peer groups and key FY2017 statistics from OFN’s Members.
We've also produced an infographic to illustrate the report's findings for audiences new to the opportunity finance industry. This infographic can be used to illustrate the impact of CDFIs in your conversations with the media and your local policy makers.
Download a printable PDF
Both the report and the infographic are FREE to OFN Members and Allies. Visit our Publications page to download the report.