Community development financial institutions (CDFIs) provide financing to promote community and economic development in a variety of ways. The Opportunity Finance Network collects data contributed voluntarily from both member and nonmember CDFIs. This feature summarizes the loans made by 24 participating CDFIs between January 2010 and March 2015.1 The map indicates which sector (business, commercial real estate and community services, or housing development) received at least half of the reported CDFI financing during this period based on loan volume; counties in which no sector received a majority of financing are labeled “hybrid.”
The roughly 1,600 loans made by participating CDFIs in the Third Federal Reserve District since 2010 totaled more than $610 million, with Philadelphia County accounting for three-quarters of this volume. In Philadelphia, as in 12 other counties, the majority of lending was directed to commercial real estate and community services, while loans to businesses and for housing development were more common in New Jersey and some central Pennsylvania counties. CDFI lending was more evenly distributed across sectors in seven “hybrid” counties.