About Opportunity Finance
The opportunity finance Industry is a leading source of innovative, market-based solutions for economically distressed communities and underserved people across the United States.
Community development financial institutions, or CDFIs, are leaders of this mission-driven industry. Over the past 30 years it has grown to include revolving loan funds, venture funds, banks and credit unions managing over $29 billion in total assets—capital provided principally by the private sector.
Serving all 50 states and a growing number of Native nations, CDFIs currently provide more than $5 billion annually in loans, investments and financial services to urban, rural, and Native Communities.
All of this financing directly benefits low-income, low-wealth and other disadvantaged people by increasing their access to homeownership opportunities, affordable rental housing, thriving small businesses and critical services such as childcare, healthcare and education.
The track record of today’s opportunity finance Industry is impressive. To date, CDFIs working in the U.S. have had cumulative net charge offs of 1.4% while delivering large-scale results in markets that most conventional financial institutions consider too risky or difficult to serve.
To learn more about opportunity finance, visit www.opportunityfinance.net.