OFN41 Celebrates Excellence in Community Development Finance Industry

Community Development Finance Leaders Recognized at OFN41

In a significant event held recently, the Opportunity Finance Network (OFN) showcased outstanding individuals and organizations for their exemplary contributions to community development finance during the OFN41 gathering. As the foremost national network focusing on community development investment, OFN honored five dedicated organizations and individuals whose efforts are shaping communities across the United States. This year’s event brought together key stakeholders from the community development financial institution (CDFI) sector to celebrate innovation, resilience, and leadership in expanding economic opportunities.

The awards given during the night highlighted the achievements within the CDFI industry, reflecting the collective commitment to driving resources to underserved communities. OFN President and CEO Harold Pettigrew stated, "This year's honorees reflect the deep commitment and resilience that define the CDFI industry. Their work helps ensure opportunity reaches every corner of the country—strengthening communities, expanding access, and ensuring no one is left behind."

Among the significant honors was the Outstanding CDFI Award presented to LiftFund, a CDFI based out of San Antonio, Texas. The organization was recognized for its exceptional service during the past 18 months in empowering communities and moving the CDFI movement forward.

In the Emerging Growth CDFI category, Northwest Access Fund from Shoreline, Washington, stood out for its remarkable growth and community impact over the last three years. Recognizing smaller, emerging institutions is crucial for showcasing the positive strides being made in community finance at all levels.

Joe Neri, CEO of IFF, located in Chicago, Illinois, was awarded the Executive Leadership Award. This honor acknowledges exemplary leaders in the CDFI sector who exhibit outstanding vision and drive in financial services aimed at low-income communities. Neri's leadership has been pivotal in influencing capital flow toward those in need, making significant changes within at-risk communities.

The event also featured the Adina Abramowitz Impact Award for Organizational Growth and Change, bestowed upon the Latino Community Credit Union based in High Point, North Carolina. This organization exemplifies the transformational growth and principles advocated by the late Adina Abramowitz, a notable figure in the CDFI community dedicated to strengthening financial homes for underserved populations.

A new addition to the awards this year was the Native CDFI Leadership Award, celebrating the Affiliated Tribes of Northwest Indians Financial Services (ATNI-EDC) from Portland, Oregon. The award recognizes the exceptional leadership demonstrated in advancing economic opportunities within Native communities, showcasing a commitment to fostering sustainable development in historically marginalized groups.

In addition to these honors, the prestigious Vanguard Award was given to organizations in the local area tied to the conference’s location. The winners included The Stop Oppressive Seizures Fund for their initiative to prevent home loss and resident displacement in Baltimore, as well as Homes for Hope, Inc. from Washington, D.C., dedicated to aiding individuals transitioning from homelessness to permanent housing.

These awards epitomize the significant role of CDFIs in enhancing community resilience and transforming lives through innovative financial solutions. As the industry progresses, OFN remains steadfast in its mission to highlight those whose dedication and contributions lead to meaningful change in communities nationwide.

Since its establishment in 1986, OFN has played a pivotal role in the CDFI sector, managing over $1 billion in assets and fostering a network of more than 490 community-focused financial institutions. Cumulatively, OFN members have generated over $124 billion in financing, helping to create or preserve nearly 3.4 million jobs and support the development of more than 3 million housing units.

As OFN looks to the future, it continues to champion the cause of community development finance, ensuring that underserved communities have access to responsible financial products and services, thus fostering prosperity for all.