Author Archives: Visceral Dev Admin

NFF Receives $30 Million Bond Guarantee to Support Long-Term Community Development Investments

NFF has received $30 million via Opportunity Finance Network and the CDFI Fund’s Bond Guarantee Program (BGP), allowing for support of community development projects that require long-term capital. The Bond Guarantee Program has made nearly $3 billion in bonds available to CDFIs from the Federal Financing Bank. NFF was one of several CDFIs that received &hellip

NFF Hires Kareem Thomas as Chief Credit Officer; Names Bhavani Daryanani as Chief Financial Officer

New York (March 4, 2025) — Nonprofit Finance Fund (NFF) has made two appointments to its executive team. Kareem Thomas has joined NFF as Chief Credit Officer. He will oversee credit policies and the performance of NFF’s growing loan portfolio and support financial product innovation. Thomas has a track record of using community development investment &hellip

NFF Receives $150,000 Contribution from U.S. Bank to Support Community Land Trusts in California

LOS ANGELES (Feb. 27, 2025) – Nonprofit Finance Fund (NFF) has received a $150,000 contribution from U.S. Bank to strengthen California’s growing network of community land trusts. NFF will provide financial coaching and tailored support to a cohort of members from the California Community Land Trust Network (CACLTN) as the movement toward community ownership of &hellip

Nonprofit Finance Fund’s BEACoN Initiative Makes $20 Million in Loans Available to Boost Community Ownership of Assets in New Jersey

PNC, Citizens, and The Prudential Foundation Join Robert Wood Johnson Foundation to Support Affordable Housing Development and More NEWARK, N.J. (Feb. 5, 2025) — Nonprofit Finance Fund (NFF) is pleased to announce $20 million in investments to support fast-growing work helping New Jersey residents build community wealth. The investments will provide more affordable housing options &hellip

NFF President and CEO Aisha Benson appointed as Chair for OFN Board of Directors

Opportunity Finance Network (OFN) announced on January 23, 2025 that Aisha Benson, President and CEO of NFF, and Henry Jiménez, President and CEO of Propel Nonprofits, will serve, respectively, as Chair and Vice-Chair of the OFN Board of Directors. “CDFIs support economic growth and community well-being in neighborhoods across the country,” said Aisha Benson. “I am deeply honored &hellip