Project Description
This study, commissioned by the Opportunity Finance Network (OFN), was the first comprehensive performance analysis of the Community Development Finance Institution (CDFI) industry. This study used longitudinal data on CDFI financial characteristics gathered through industry surveys. We examined the characteristics of high, moderate and low growth CDFIs; changes in industry lending; and the community benefits of a CDFI presence.
Year: 2015
Fun Fact
OFN Members are responsible for over $35 billion in cumulative financing since their inception. This investment has led to the development and/or rehabilitation of 1.5 million housing units; the financing of 120,000 businesses and microenterprises; and the creation of 721,000 jobs.
