Investing in Faith Organizations for Community Well-being

Nonprofit Finance Fund (NFF) and Trinity Church Wall Street have partnered on the Faith in Our Communities Fund, a $4.5 million pilot program serving faith organizations seeking to build sustainable financial capacity and enhance community impact through the redevelopment of their property. Offered as part of NFF’s focus on community ownership and Trinity’s Mission Real Estate Development initiative, the fund allows NFF to provide flexible pre-development and acquisition loans, backed by Trinity’s credit guarantee, to faith organizations often unable to access mainstream sources of capital as they pursue affordable housing, workforce development, and other community impact projects.

Key Loan Features:

Loan amounts start at $250,000
Loan terms are 2-3 years (with extension options where appropriate)
Interest-only monthly payments
Secured by a first deed of trust/mortgage with maturity of one to two years
Maximum loan-to-value (LTV) of 80%
Competitive interest rates based on NFF pricing at origination
Available nationwide

Typical eligible uses include:

Architectural and engineering fees
Environmental assessments
Zoning and permitting costs
Building repairs
Acquisition costs

Faith-based organizations hold deep connections and commitments in our neighborhoods, and understand local needs and opportunities. We can supply the capital and technical expertise to support these organizations and bolster community ownership of assets.

Aisha Benson

CEO, Nonprofit Finance Fund