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Good to Grow CDFI Investment Fund


In August 2018, OFN and HSBC Bank USA established the Good to Grow CDFI Investment Fund (G2G Fund) to expand the flow of capital to small businesses, affordable housing, and community facilities nationwide through equity equivalent (EQ2) investments in OFN member CDFIs. In March 2020, OFN and HSBC Bank fully deployed the $25 million G2G Fund.

In total, 22 OFN member CDFIs active in HSBC Bank’s national retail network each received EQ2 investments of up to $2 million. Cumulatively, the 22 G2G Fund recipients provided financing to more than 345,000 small businesses and microenterprises and helped to create or maintain more than 380,000 jobs, with about 90 percent of clients served considered low-income.


Featured Program Impact

Shelly Marshall, co-owner of Brooklyn-based Island Pops

Island Pops

Shelly Marshall is a client of Accompany Capital and co-owner of Brooklyn-based Island Pops ice cream shop with her husband Khalil Hamid. Specializing in Caribbean flavors from her native Trinidad, like sorrel rum, coconut, and honey roasted peanut, Island Pops has become a popular destination after rave reviews in the local press and New York Times.


Learn more about Good to Grow CDFI Investment Fund recipients:

  • Accion East
  • Business Center for New Americans
  • Community Capital New York
  • Community First Fund
  • Community Health Center Capital Fund
  • Community Loan Fund of New Jersey
    (New Jersey Community Capital)
  • Craft3
  • Florida Community Loan Fund
  • Genesis LA Economic Growth Corporation
  • Grameen America
  • Grow America Fund
  • Leviticus 25:23 Alternative Fund
  • Main Street Launch
  • Mercy Loan Fund
  • Opportunity Fund
  • PIDC Community Capital
  • Primary Care Development Corporation
  • Self-Help Ventures Fund
  • The Disability Opportunity Fund
  • VCC Bank


Past Initiatives

Learn about OFN’s past initiatives aimed to help CDFIs increase their impact.

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Finance Justice Fund

Aims to bring more than $1 billion in capital to those needing it most.

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OFN Membership

Learn how to become an OFN member.

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