Opportunity Finance Network reaches more than $150 million deployed in long-term, low-cost capital to help member CDFIs invest where mainstream finance doesn’t traditionally reach
Photo: The Amistad team, borrower of Finance Justice Fund recipient Genesis Community Loan Fund, delivers meal to those in need in Portland, Maine.
Nationwide, community development financial institutions (CDFIs) provide fair and responsible financing to people and places traditional banks often don’t serve. Launched in November 2020, the Finance Justice Fund aims to support CDFIs in their work to help close the racial wealth gap and direct much-needed capital to communities experiencing disproportionately high rates of persistent poverty.
The Finance Justice Fund helps make it possible for organizations like Amistad in Portland, Maine, to better serve people experiencing homelessness, hunger, substance use and behavioral health challenges, and disproportionate barriers to treatment and care; for people like Anique and Ali Russel to expand their food enterprise in Columbus, Ohio; for tribes like the Bois Forte Band of the Minnesota Chippewa to restore more than 28,000 acres of land within reservation boundaries back to tribal ownership; and for so many others to achieve their full potential.