CDFI Impact

CDFIs Create Impact

Community development financial institutions (CDFIs) provide responsible financial products and services where mainstream finance doesn’t traditionally invest.

Since 1973

CDFIs have worked for economic, social, and racial justice.

More than 1,300 CDFIs

There are more than 1,200 certified CDFIs nationwide, of which more than 350 are OFN members.

 

Sources: CDFI Fund 2021 and OFN 2020

$222 Billion

Nationwide, the CDFI industry manages more than $222 billion, creating jobs, affordable housing, financial health, and opportunity for all.

CDFIs Lend Where It Counts

CDFIs serve Black, Latinx, Native, and rural communities, and other areas of persistent poverty.

Source: OFN Annual Member Survey, FY 2020

CDFIs leverage $8 in private sector investment for every $1 in public funding.

CDFIs Leverage Capital

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

CDFIs recycle capital

CDFIs Recycle Capital

As borrowers repay their loans, CDFIs recycle the money back into the community through new borrowers.

Cumulative CDFI Impact

Source: OFN Annual Member Survey, FY 2020

13,266 Community Facilities

535,547 Business and Microenterprises

2.19 Million Jobs Created or Maintained

2.23 Million Housing Units

OFN Publications

Interested in further assessing the CDFI industry’s activity and performance? Read OFN’s reports on the CDFI industry and our membership.

See Publications

CDFI Borrower Stories

Arkansas Mother Saves Family Home from Foreclosure with CDFI Support

Arkansas Mother Saves Family Home from Foreclosure with CDFI Support

Learn how Southern Bancorp financed opportunity and justice for homeowner Cheryl Hampton in Marianna, AR.

Native Entrepreneur Opens Gift Shop with CDFI Support After Pandemic Halts Tourism Business

Native Entrepreneur Opens Gift Shop with CDFI Support After Pandemic Halts Tourism Business

Learn how Nimiipuu Fund financed justice and opportunity for Native entrepreneur and Nez Perce Tourism owner Stacia Morfin in Lewiston, ID.

Kentucky Community Center Adds Solar Panels and Expands Sustainably Using CDFI Financing

Kentucky Community Center Adds Solar Panels and Expands Sustainably Using CDFI Financing

Learn how Mountain Association financed opportunity and justice for local hub Hemphill Community Center in Neon, KY.


More Stories

See more inspiring stories about people and places transforming their lives and communities with financial support from CDFIs.

Read Stories

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