Results

Opportunity Finance Network’s Financing Fund has helped improve the effectiveness of community development financial institutions (CDFIs) all over the country, thereby increasing access to capital for low-wealth communities and generating jobs, affordable housing units, and improved community services.

Virtually all of Opportunity Finance Network’s capital is deployed in CDFIs across the U.S. Opportunity Finance Network is experiencing unprecedented demand for capital and can deploy any additional funds quickly in high-impact activity supporting affordable housing, community facilities, and small business development.

Investing in Opportunity Finance Network allows investors to finance opportunities in emerging domestic markets with low-cost, low-risk and high impact:

• Leading CDFI Underwriter: OFN is a 20-year leader in the CDFI industry, with recognized best practices at underwriting, assessing risk, and lending to CDFIs. OFN has been financing CDFIs for more than 15 years, providing cumulative financing to CDFIs of more than $90 million. OFN also underwrites and monitors CDFI loans for banks, foundations, and religious institutions.
• Financial Strength: As of end of 2008, OFN’s Statement of Financial Position showed a net asset to total asset ratio of 26%, while net assets plus equity equivalent investments to total assets is more than 40%, providing substantial protection for investors. OFN has also generated operating surpluses in each of the past five years. While our portfolio is experiencing some deterioration in quality in the current economic crisis, portfolio performance has remained quite strong with no losses to date in our 20 years of financing.
• Growing, Strong, and High-Impact Portfolio: OFN’s portfolio of loans and investments grew from $23 million at 12/31/03 to more than $54 million outstanding at 6/30/09. OFN borrowers have provided cumulative financing of $7.8 billion in low-income and low-wealth communities, and have assisted 91,000 housing units, nearly 17,000 businesses.