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