Opportunity Finance Network Names Lori Chatman Chair of Board of Directors
- Jan 14, 2016
Columbia, 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.