In the wake of the Opportunity Finance Network's 40th-anniversary conference, CDFI leaders reflected on tremendous growth in their sector, with assets soaring from $27 million in 1985 to over $457 billion in 2022. The conference theme, "Made by History. Made for this Moment," underscores their commitment to leverage this momentum for future development.
Community development finance has deep historical roots, dating back more than a century, yet the formal recognition of CDFIs began with the establishment of the CDFI Fund in 1994. This federal support has been instrumental in facilitating incredible growth, particularly noted as CDFI sector assets multiplied more than seven times in just eight years.
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