OFN Invests $8.5 Million in Climate Financing to Community Lenders Across Several States
WASHINGTON, Dec. 13, 2023 /PRNewswire/ -- Opportunity Finance Network (OFN), the leading national financial intermediary and membership network of community development finance institutions (CDFIs) and mission-driven community lenders, has committed $8.5 million in loans and grants from its Finance Justice Fund to six member CDFIs to support products and services that build climate resiliency, curb emissions, and bring underinvested communities into the climate economy.
- "Our growing membership of 410 CDFIs and mission-driven community lenders are at the forefront of leading community investment and the fight for racial, economic, and climate justice.
- OFN will work with the recipients and other member mission-driven community lenders nationwide to answer its call to action that 100% of CDFIs become climate lenders by 2028 by offering climate-focused consumer, small business, housing, and community facility capital products.
- OFN is helping CDFIs reach this goal by providing support, capital, and leadership to transform the community development finance industry into a leader in climate finance.
- In addition to climate lending to its national network of CDFIs and mission-driven community lenders, OFN offers tools and training to help its members build and strengthen their climate lending portfolios.