In 2018, OFN Members provided $9.4 billion in financing, helping to create or maintain 1.56 million jobs, start or expand 419,150 businesses and microenterprises, and support the development or rehabilitation of 2.1 million housing units and 11,600 community facility projects. The Network’s 90-days past due portfolio rate decreased from 1.8% in 2017 to 1.3% in 2018. 5 This compares to 1.3% in FY 2016, 1.2% in FY 2015, 1.5% in FY 2014, and 1.7% in FY 2013. The Network’s annual net charge-off rate increased from 0.41% in 2017 to 1.10% in 2018, compared to 0.50% and 0.48% among FDIC-insured institutions, respectively.
This information—and more—is available in the 21st edition of Opportunity Finance Institutions: Side by Side, OFN's signature annual reference guide which highlights peer groups and key FY2018 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
The report is FREE to OFN members and allies. Members can download a free Side by Side report by logging into CDFI Connect and navigating the “Member Resources” section or through OFN’s publications site by clicking Purchase and entering the coupon code. If you did not receive an email with the coupon code, please email Brent Howell at firstname.lastname@example.org. OFN allies also received an email last week with download instructions. Investors and other non-members can purchase a copy from OFN’s publications site for $250. If you have questions about Side by Side or other OFN research publications, please contact me at email@example.com or 215.320.4343.