Opportunity Finance Network (OFN) is the leading national network of Community Development Financial Institutions (CDFIs). These specialized financial institutions work to expand economic opportunity in low-income communities across the United States. Unlike traditional banks, CDFIs are mission-driven lenders, credit unions, loan funds, and venture capital funds that provide financial services to people and places underserved by mainstream finance.

OFN’s core mission is to increase the flow of capital to CDFIs so they can, in turn, finance community businesses, affordable housing, and essential community facilities. By connecting CDFIs to capital markets, OFN helps them scale their impact and reach more individuals and families in need.

The organization plays a crucial role in advocating for policies that support CDFIs and the communities they serve. OFN actively engages with policymakers at the federal, state, and local levels to promote legislation and regulations that foster economic development, create jobs, and expand access to financial services in underserved areas. This advocacy work includes advocating for increased funding for the CDFI Fund, a government program that provides grants and loans to CDFIs.

OFN provides a range of services to its member CDFIs, including:

• Capital Access: Connecting CDFIs to investors and capital markets, including banks, foundations, and government agencies.
• Capacity Building: Offering training, technical assistance, and peer learning opportunities to help CDFIs improve their operations, expand their reach, and enhance their impact.
• Advocacy: Representing the interests of CDFIs in Washington, D.C., and advocating for policies that support community development.
• Data & Research: Collecting and analyzing data on the performance of CDFIs and the impact of their investments. This data is used to inform policy decisions and to demonstrate the effectiveness of CDFIs.
• Networking: Facilitating connections among CDFIs and other stakeholders in the community development field.

The impact of OFN and its member CDFIs is significant. They provide vital financial services to individuals and communities that often lack access to mainstream banking. This includes financing for small businesses that create jobs, loans for affordable housing that stabilizes families, and capital for community facilities like healthcare centers and schools that improve quality of life. Through these investments, OFN helps to build thriving communities and create economic opportunity for all.

Looking to the future, OFN continues to adapt to the evolving needs of its members and the communities they serve. They are actively exploring new financial models and technologies to increase the efficiency and effectiveness of CDFIs. OFN is also committed to addressing systemic inequities and promoting racial justice through its investments and advocacy efforts. By fostering a more inclusive and equitable financial system, OFN is working to create a brighter future for all Americans.