"The Finance Justice Fund will help to address long-standing issues of disinvestment, the racial wealth gap, and persistent poverty in our country," Lisa Mensah, president and CEO of OFN said in a statement. "I commend Twitter for stepping up as the first corporate investor, for investing substantial capital, and for making a large grant to a fund that will deliver loans through CDFIs to underserved people and places across the country. I invite more corporate and philanthropic partners to invest in this unique opportunity to advance justice."
There are more than 1,100 CDFIs nationwide managing more than $222 billion, according to OFN.