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Opportunity Finance Network has received a $10 million investment from Charles Schwab Bank to support its Finance Justice Fund. This fund aims to provide economic opportunity by financing underserved communities through community development financial institutions (CDFIs). OFN has already deployed over $210 million in loans and grants to over 100 members nationwide serving rural, urban, and Native communities, with a focus on climate-focused investments. The Finance Justice Fund has helped unlock over $650 million in small business capital, financed 14,000 housing units, and created or retained nearly 120,000 jobs. Charles Schwab Bank’s investment highlights the growing support for OFN’s mission to drive impact and opportunity in underserved communities.
Opportunity Finance Network (OFN) announced a new $10 million investment from Charles Schwab Bank into OFN’s Finance Justice Fund. With over $1 billion in total assets under management, OFN manages a network of over 400 members across the country, specializing in providing affordable, responsible financial products and services in low-income rural, urban, and Native communities. The Finance Justice Fund has already deployed over $210 million in loans and grants to over 100 members nationwide, focusing on climate-focused investments. Charles Schwab Bank’s investment underscores the success of the Finance Justice Fund in driving impact and opportunity in underserved communities.
