Strengthened Senior Management Roles in Opportunity Finance Network, Accompanied by Added Specialized Knowledge
The Opportunity Finance Network (OFN), a leading investment intermediary and network of community development financial institutions (CDFIs), has made several significant strides in its mission to serve rural, urban, and Native communities across the United States.
Over the past three decades, OFN has supported the development or rehabilitation of nearly 3 million housing units, helping to provide homes for countless families. In addition, OFN has backed over 15,000 community facility projects, contributing to the improvement of essential public spaces in underserved areas.
One of the key factors in OFN's success is its extensive network of more than 470 CDFIs. These institutions work tirelessly to ensure that communities often overlooked by traditional financial systems have access to the financial products and services they need to thrive.
In recognition of their outstanding achievements, Bianca Prade and Francisco Lopez have been appointed as Senior Vice Presidents at OFN. Prade, who previously worked at the Ford Foundation, will lead Strategic Communications, while Lopez, formerly with JPMorgan Chase, will head Innovation Programs.
Lopez brings a wealth of experience in strategic growth, capital deployment, and technology integration to his new role, having made significant contributions in the CDFI and fintech sectors. Prade, on the other hand, has a proven track record of guiding Fortune 100 brands, federal agencies, and mission-driven nonprofits through high-stakes moments.
Amber Bell, the Executive Vice President and Chief Programs Officer at OFN, has also been instrumental in the organisation's achievements. Under her leadership, OFN has helped start or expand over 1 million businesses and microenterprises, creating economic opportunities for many.
Since its founding in 1986, OFN members have originated $124 billion in cumulative financing, a testament to their commitment to community development. This financing has not only supported housing and community facility projects but also helped create or maintain nearly 3.4 million jobs.
OFN is a trusted investment partner to the public, private, and philanthropic sectors, demonstrating its importance in driving economic growth and social impact across America. The network manages over $1 billion in total assets, ensuring it has the resources to continue its vital work.
As OFN looks to the future, it remains committed to deepening its impact and creating economic opportunities for all in communities across America. With its new leadership appointments and a strong track record of success, it is well-positioned to make a significant difference in the lives of many.
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