provide the economic recovery is encouraging for … · 1.5 million housing units cumulative...

Opportunity Finance Institutions: Side by Side can be found at ofn.org/publications.

Community development financial institutions (CDFIs) are dedicated to providing opportunities to underserved

people and communities.

All data referenced comes from OFN Annual Survey of Membership unless otherwise noted. Publications that include

survey data include: Side by Side, Fiscal Year 2013, Sixteenth Edition.

RURAL

24%

WOMEN

49%

MINORITIES

52%

LOW-INCOME

73%

1 Source: State of the States, The Stanford Center on Poverty and Inequality, 2015

Cdfis Invest In America

$3.6 billion

In 2013 alone, OFN Member CDFIs provided $3.6 billion to low-income individuals and communities.

Since 1985, OFN Member CDFIs have provided more than

$34 billion in responsible, affordable lending across the country.

CDFIs Provide Opportunity. For All.

THE ECONOMIC RECOVERY IS ENCOURAGING FOR MOST AMERICANS, BUT IN 44 STATES

POVERTY RATES ARE STILL

AT RECESSION LEVELS1.

CDFIs Target underserved populations

CDFIs create tangible impact

720,000 JOBS CREATEDOR MAINTAINED

120,000 BUSINESSESAND MICROENTERPRISES

9,500 COMMUNITYFACILITIES

1.5 MILLION HOUSING UNITS

Cumulative outcomes for OFN Member CDFIs, 1985–2013

CDFIs are Performance Oriented

<1% NET CHARGE-OFFSIn 2013 CDFIs’ results were on par with mainstream financial

institutions. Like banks, their net charge-off rate was less than 1.0%