OFN’s latest “Inside the Membership” report provides FY 2018 information on 239 of the more than 270 CDFIs that make up OFN’s membership. The vast majority (222) of these institutions are community development loan funds, with the balance comprising 13 community development credit unions, two community development banks, and two community development venture capital funds.
At fiscal year-end, OFN members held $23.2 billion in total assets and $16.8 billion in total financing outstanding. In 2018, OFN members provided $9.4 billion in financing to people, markets, and communities just outside the margins of conventional, mainstream finance.
The long-term results of OFN members’ financing activities through FY 2018 are significant, with CDFIs in our sample providing $75 billion in cumulative financing. This financing has helped to create or maintain 1.56 million jobs, start or expand 419,150 businesses and microenterprises, and support the development or rehabilitation of over 2.1 million housing units and 11,592 community facility projects.
Unlike OFN’s more comprehensive Side by Side report, Inside the Membership is free and can be shared with all external audiences.
Download the FY 2018 Inside the Membership report from OFN’s Publications page.