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institutions. Like banks, their net charge-off rate was less than 1.0% CDFIs Provide Opportunity. For All. THE ECONOMIC RECOVERY IS ENCOURAGING FOR MOST AMERICANS, BUT IN 44 STATES POVERTY RATES ARE STILL AT RECESSION LEVELS 1 . Opportunity Finance Institutions: Side by Side Published annually by Opportunity Finance Network, this report provides key statistics and essential analysis of the more than 200 CDFIs who are Members of OFN. It provides insight into the industry and is an essential reference for FREE to OFN Members and Allies, Side by Side can be found at ofn.org/publications. <1% NET CHARGE-OFFS Community development financial institutions (CDFIs) are dedicated to providing opportunities to underserved people and communities. All data referenced below comes from OFN Annual Survey of Membership unless otherwise noted. Publications that include survey data include: Side by Side, Fiscal Year 2014, Seventeenth Edition. Cdfis Invest In America $3.8 billion In 2014 alone, OFN Member CDFIs provided $3.8 billion to low-income individuals and communities. CDFIs Target Underserved Populations CDFIs are Performance Oriented RURAL 27% WOMEN 48% people of color 48% LOW-INCOME 73% 1 Source: State of the States, The Stanford Center on Poverty and Inequality, 2015 143,000 BUSINESSES AND MICROENTERPRISES 934,000 JOBS CREATED OR MAINTAINED 1.5 MILLION HOUSING UNITS 9,800 COMMUNITY FACILITIES CDFIs Create Tangible Impact Cumulative outcomes for OFN Member CDFIs, 1985–2014 Since 1985, OFN Member CDFIs have provided more than $42 billion in responsible, affordable lending across the country. 2014 -
