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 1,300 certified CDFIs nationwide, of which more than 390 are OFN members.
Sources: CDFI Fund 2021 and OFN 2021
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 2021
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.
Through 2021, OFN members have originated nearly $100.4 billion in financing in rural, urban, and Native communities. This financing has helped to create or maintain more than…
13,600 Community Facilities
696,000 Business and Microenterprises
2.6 Million Jobs Created or Maintained
2.3 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.