Community development financial institutions (CDFIs) provide responsible financial products and services where mainstream finance doesn’t traditionally invest.
CDFIs have worked for economic, social, and racial justice.
There are more than 1,200 certified CDFIs nationwide, of which more than 350 are OFN members.
Sources: CDFI Fund 2021 and OFN 2020
Nationwide, the CDFI industry manages more than $222 billion, creating jobs, affordable housing, financial health, and opportunity for all.
CDFIs serve Black, Latinx, Native, and rural communities, and other areas of persistent poverty.
Source: OFN Annual Member Survey, FY 2020
CDFIs make $1 do the work of $8. CDFIs leverage $8 in private sector investment for every $1 in public funding.
Source: Janet Yellen, U.S. Secretary of the Treasury
As borrowers repay their loans, CDFIs recycle the money back into the community through new borrowers.
13,266 Community Facilities
535,547 Business and Microenterprises
2.19 Million Jobs Created or Maintained
2.23 Million Housing Units
Interested in further assessing the CDFI industry’s activity and performance? Read OFN’s reports on the CDFI industry and our membership.
Learn how Southern Bancorp financed opportunity and justice for homeowner Cheryl Hampton in Marianna, AR.
Learn how Nimiipuu Fund financed justice and opportunity for Native entrepreneur and Nez Perce Tourism owner Stacia Morfin in Lewiston, ID.
Learn how Mountain Association financed opportunity and justice for local hub Hemphill Community Center in Neon, KY.
See more inspiring stories about people and places transforming their lives and communities with financial support from CDFIs.