Opportunity Finance Network

Name

Opportunity Finance Network

Legal name

Opportunity Finance Network

Website

https://ofn.org

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Community Development Finance

NAICS

Miscellaneous Intermediation (523910), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Services-Membership Organizations (8600), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Impact Investing & Social Finance (Funds, CDFIs, Microfinance) (BPAGALAA)

Keywords

• Community development finance
• CDFI network services
• Affordable housing finance
• Small business lending
• Nonprofit financial intermediary

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Membership Dues: OFN collects membership dues from CDFIs and allies. Membership is open to certified CDFIs and mission-driven community lenders that meet eligibility requirements including having a primary mission of community development, being primarily a financing institution, having at least two years of active lending/investing history, and meeting financial audit requirements.
2. Capital Deployment Programs: OFN manages investment programs including the OFN Financing Program ($1 billion+ capital deployment), CDFI Community Investment Fund, Good to Grow CDFI Investment Fund, andGrow with Google Small Business Fund ($180 million deployed). OFN acts as fund-of-funds manager and trusted intermediary, providing customized underwriting and portfolio management.
3. Grants and Donations: As a 501(c)(3) nonprofit organization, OFN receives grants and donations from foundations, corporations, and individuals. Donations to OFN are tax deductible.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels13 records

Core offering

Opportunity Finance Network (OFN) is a national membership-based intermediary and fund-of-funds manager that connects nearly 500 community development financial institutions (CDFIs) with corporate, philanthropic, and public-sector capital. OFN manages over $1 billion in assets through programs such as the OFN Financing Program, Grow with Google Small Business Fund, and CDFI Bond Guarantee Program, while providing capacity-building training, policy advocacy, and a community platform (CDFI Connect) to channel fair capital into rural, urban, and Native communities underserved by mainstream finance.

Product overview

Opportunity Finance Network (OFN) operates as a national network intermediary connecting nearly 500 Community Development Financial Institutions (CDFIs) with investors, policymakers, and philanthropic partners. The organization functions as a fund-of-funds manager offering a portfolio of investment products including the OFN Financing Program (targeting $1B+ in capital deployment), the CDFI Capital Solutions Accelerator for innovation, and facilitation of Treasury Bond Guarantee Programs. OFN provides its members with access to capital opportunities, capacity-strengthening training through annual conferences and regional meetings, policy advocacy platforms, and operational resources including CDFI Connect (online community), CDFI Locator, Resource Library, and Job Bank. The network's key service focus areas include affordable housing, economic opportunity, rural revitalization, small business lending, Native finance, and sustainability. Through 2024, OFN members have provided over $136 billion in cumulative financing supporting 3.8 million jobs, 1.2 million businesses, and 3 million housing units.

Differentiator

Problem solved

Functional benefit

Products and services

• OFN Membership Program
• OFN Financing Program
• Google Loans and Grants Program (Grow with Google Small Business Fund)
• CDFI Bond Guarantee Program Facilitation
• CDFI Connect Community Platform
• CDFI Locator
• CDFI Capital Solutions Accelerator
• OFN Policy Action Center
• The Opportunity Honors Awards
• OFN Training & Events

Quantifiable outcome

• $8 private sector investment leveraged for every $1 in public funding
• +6 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

13 partnerships are on record, tiered core and minor.

• U.S. Small Business Administration (SBA)coreStrategic or Co-development PartnerOFN partners with SBA to improve access to small dollar lending through programs like the Microloan program and Community Advantage program. OFN advocated for CDFIs to participate in the Paycheck Protection Program during COVID-19.
• U.S. Department of Housing and Urban Development (HUD)coreStrategic or Co-development PartnerOFN advocates for partnering with HUD to leverage private investment for affordable housing. Also works on ensuring Fannie Mae and Freddie Mac continue contributions to the Capital Magnet Fund and Housing Trust Fund.
• U.S. Department of Agriculture (USDA)coreStrategic or Co-development PartnerOFN advocates for expanding CDFI involvement in USDA Rural Development programs including Section 502 Direct Loan Program, Rural Energy Assistance Program, and Community Facilities Program to enhance rural housing and infrastructure.
• Federal ReservecoreStrategic or Co-development PartnerOFN has partnered with the Federal Reserve on various initiatives including CDFI access to the PPP Lending Facility during COVID-19. Works with Fed on Community Reinvestment Act reforms to drive private-sector investment in CDFIs.
• Federal Deposit Insurance Corporation (FDIC)minorStrategic or Co-development PartnerOFN submitted comments to FDIC on proposed changes to the Community Reinvestment Act and other regulatory matters affecting CDFIs.
• Consumer Financial Protection Bureau (CFPB)minorStrategic or Co-development PartnerOFN submitted comments to CFPB on Dodd-Frank Section 1071 Small Business Lending Data Collection Rule and other consumer protection matters affecting CDFIs.
• Federal Housing Finance Agency (FHFA)coreStrategic or Co-development PartnerOFN advocates for CDFI participation in the Federal Home Loan Bank System and ensuring Fannie Mae and Freddie Mac contributions to affordable housing funds.
• National CDFI CoalitionminorStrategic or Co-development PartnerOFN joins with other CDFI organizations on advocacy initiatives including letters to Congress on CDFI Fund appropriations and regulatory matters.
• National Association of Affordable Housing Lenders (NAAHL)minorStrategic or Co-development PartnerNAAHL and OFN are calling on the federal government to release more than $1 billion in already-appropriated funding at the CDFI Fund for affordable housing development and preservation.
• National Human Services AssemblyminorStrategic or Co-development PartnerOFN partnered with NHSA to provide PurchasingPoint, a group purchasing program offering discounts on office supplies, technology, and other operational costs for OFN members.
• Native CDFI Network (NCN)coreStrategic or Co-development PartnerOFN co-hosts the Midwest & Native CDFI Regional Meeting with Native CDFI Network, combining expertise to serve Native communities.
• Power Forward CommunitiesminorStrategic or Co-development PartnerPart of the Greenhouse Gas Reduction Fund ecosystem, outlining staggered rollout timelines and market-building activities for clean energy projects in disadvantaged communities.
• Justice Climate FundminorStrategic or Co-development PartnerPartner in GGRF programs to support clean energy projects in low-income communities as part of the $27 billion federal climate program.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Self-Help Credit Union: Self-Help is one of the largest US CDFI networks with credit unions and a venture fund, serving low-income and underserved borrowers. Comparable to OFN in mission and product breadth, though operating as a depository rather than a network intermediary.
• National Association of Affordable Housing Lenders (NAAHL): NAAHL is a trade and advocacy coalition of CDFIs, banks, and housing lenders focused on affordable housing finance policy. Already partnered with OFN on capital deployment and policy, providing a tightly overlapping member-base and federal advocacy footprint.
• Calvert Impact Capital: Calvert Impact Capital is one of the largest US impact capital intermediaries, raising capital from individuals and institutions and deploying it to high-impact community development and CDFI-aligned borrowers. Directly comparable to OFN in operating a multi-fund capital-deployment platform and reporting impact at scale.
• Community Reinvestment Fund (CRF): CRF is a national CDFI and intermediary that aggregates capital from banks and institutions and re-lends it to local CDFIs and small businesses. Closely comparable to OFN's role as a bank-facing capital aggregator and intermediary for community development lenders.
• Local Initiatives Support Corporation (LISC): LISC is a national community development financial intermediary that combines capital deployment, advisory services, and policy advocacy across affordable housing, small business, and economic development. Directly mirrors OFN's integrated intermediary model.
• Enterprise Community Partners: Enterprise is a national nonprofit that invests, develops, and advocates for affordable housing and community development. Highly comparable in operating a hybrid capital-plus-policy model across similar end markets.
• National CDFI Coalition: The National CDFI Coalition is a trade and advocacy association representing CDFIs to Congress and federal regulators. Directly comparable to OFN's policy advocacy function and member-services orientation.

Emerging players

• ImpactAssets: ImpactAssets operates donor-advised funds and notes that channel philanthropic capital into impact investments, including CDFIs. Comparable as a complementary capital-aggregation platform serving high-net-worth donors seeking impact exposure.

Regional players

• Coastal Enterprises Inc. (CEI): CEI is a Maine-based CDFI providing capital and advisory to small businesses, natural resource industries, and underserved communities. Comparable to an OFN member CDFI in product offering, but regional rather than national in scope.

Broad incumbents

• U.S. Department of the Treasury CDFI Fund: The CDFI Fund is the federal government's primary vehicle for CDFI certification, financial awards, and bond guarantee programs. Functions as OFN's largest institutional partner/funder and the dominant capital source shaping the entire industry OFN serves.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/oppFinance
• YouTubeyoutube.com/user/OpportunityFinance
• Facebookfacebook.com/ofn.org
• LinkedInlinkedin.com/company/opportunity-finance-network
• Instagraminstagram.com/oppfinance

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds4 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Opportunity Finance Network