Opportunity Finance Network Names Lori Chatman Chair of Board of Directors

In her role as chair, Chatman will help support OFN’s mission to lead the dynamic and diverse CDFI industry to invest in opportunities that benefit low-income, low-wealth and other disadvantaged communities across America.

Lori_Chatman-2013Columbia, Md.Enterprise Community Loan Fund President Lori Chatman has been appointed to chair the Opportunity Finance Network (OFN) board of directors. OFN is a national network of community development financial institutions (CDFIs), and its members have collectively invested more than $42 billion in underserved communities. In her role as chair, Chatman will help support OFN’s mission to lead the dynamic and diverse CDFI industry to invest in opportunities that benefit low-income, low-wealth and other disadvantaged communities across America.

As president of the Loan Fund, Chatman oversees the daily operations and leads efforts to raise and deploy capital through a suite of lending products designed to meet the financing needs of local community partners. In part due to her leadership, the Loan Fund has committed more than $1.3 billion to develop, preserve and/or rehabilitate nearly 100,000 homes for low- and very low-income people across the United States. Chatman is also a member of the Capital One Community Advisory Council and the National Community Advisory Council for State Farm Bank.

The U.S. is in the midst of a broad housing insecurity crisis that is affecting nearly 19 million low-income families who are homeless or paying more than half of their monthly income on housing. Enterprise’s generational goal is to end housing insecurity in the United States, and as a down payment toward that goal, by 2020 Enterprise will help provide opportunity to 1 million low-income families through quality affordable housing and connections to good schools, jobs, transit and health care.