Federal grants to Opportunity Finance Network
Opportunity Finance Network in Philadelphia, Pennsylvania received $2.3 billion in federal grants from fiscal 2021 to 2025, across 5 awards. Its largest program was Greenhouse Gas Reduction Fund: Clean Communities Investment Accelerator, with $2.3 billion. It had no new grant money in fiscal 2025.
From USAspending.gov award records, updated November 7, 2026.
- Grants, FY 2021 to 2025$2.3 billion
- Awards5
- Awarded in FY 2025$0
- Largest award$2.3 billion
By year
| Fiscal year | Awards | Amount |
|---|---|---|
| FY 2021 | 1 | $1.7 million |
| FY 2022 | 1 | $590,000 |
| FY 2023 | 2 | $4.4 million |
| FY 2024 | 1 | $2.3 billion |
| FY 2025 | 0 | $0 |
Programs that fund Opportunity Finance Network
| Program | Awards | Amount |
|---|---|---|
| Greenhouse Gas Reduction Fund: Clean Communities Investment Accelerator | 1 | $2.3 billion |
| Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | 1 | $3.7 million |
| Community Development Financial Institutions Rapid Response Program (CDFI RRP) | 1 | $1.8 million |
| Community Development Financial Institutions Program | 2 | $1.2 million |
Awarding agencies
| Agency | Awards | Amount |
|---|---|---|
| Environmental Protection Agency | 1 | $2.3 billion |
| Department of the Treasury | 4 | $6.8 million |
Largest awards
| Award | Program | First action | Amount |
|---|---|---|---|
| Description: this agreement provides funding under the inflation reduction act (IRA) to opportunity finance network (OFN). The recipient will provide funding and technical assistance to community lenders who will in turn finance clean technology deployment in low-income and disadvantaged communities | Greenhouse Gas Reduction Fund: Clean Communities Investment Accelerator | August 8, 2024 | $2.3 billion |
| Purpose: to provide grants to community development financial institutions (CDFIS) for the following purposes 1) to expand lending, grant making and investment activities in low or moderate income communities and to borrowers that have historically experienced significant unmet capital and financial | Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | April 10, 2023 | $3.7 million |
| Cdfi rapid response program award | Community Development Financial Institutions Rapid Response Program (CDFI RRP) | June 15, 2021 | $1.8 million |
| Purpose: to promote economic revitalization and community development through investment in and financial assistance to community development financial institutions (CDFIS). Planned activities: financial assistance must be used for financial products, financial services (regulated institutions only) | Community Development Financial Institutions Program | February 28, 2023 | $640,000 |
| Purpose: to promote economic revitalization and community development through investment in and financial assistance to community development financial institutions (CDFIS). Planned activities: financial assistance must be used for financial products, financial services (regulated institutions only) | Community Development Financial Institutions Program | December 8, 2021 | $590,000 |
Questions people ask
How much federal grant money does Opportunity Finance Network get?
$2.3 billion in 5 grant awards from fiscal 2021 to 2025, as obligations reported to USAspending.gov.
Which agency gives Opportunity Finance Network the most?
The Environmental Protection Agency, with $2.3 billion in 1 award. The Department of the Treasury follow.
What is Opportunity Finance Network's largest federal grant?
$2.3 billion under Greenhouse Gas Reduction Fund: Clean Communities Investment Accelerator, with its first action in the period on August 8, 2024. That counts only the money obligated in fiscal 2021 to 2025.
Which federal programs fund Opportunity Finance Network?
Its largest are Greenhouse Gas Reduction Fund: Clean Communities Investment Accelerator, Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) and Community Development Financial Institutions Rapid Response Program (CDFI RRP).
Other grant recipients in Philadelphia
- The Trustees of the University of Pennsylvania
- Southeastern Pennsylvania Transportation Authority
- Pennvest
- Philadelphia Housing Authority
- The Children's Hospital of Philadelphia
- Temple University-of the Commonwealth System of Higher Education
- City of Philadelphia
- Drexel University
Largest federal grant recipients in Pennsylvania · Federal grants in Pennsylvania