NFF Dollars at Work
We bring capital where it’s needed most for social good. Here's a look at loan closings from the past few years in the following sectors:
Featured Loan: Hollywood Community Housing
Expanding community-centered affordable housing in Los Angeles
$2 million predevelopment loan (January 2025)
Founded in 1989, Hollywood Community Housing Corporation (HCHC) is among the oldest nonprofit affordable housing and service providers in Los Angeles County, currently operating 31 properties with 1,243 units of housing, supporting over 2,500 individuals. They fulfill a vital need in LA County by providing permanent supportive housing and affordable housing for low-income families, formerly unhoused individuals, seniors, and those with special needs.
HCHC received a working capital loan from NFF in 2020 to support four projects in various stages of completion. A new $2 million loan from NFF will support HCHC in its pipeline of seven housing projects as of fall 2024, including a project in Santa Monica that consists of two sites. This capital will also help HCHC provide a broader array of services to residents, extending successful programs to all who live in their communities.
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