We bring capital where it’s needed most to support thriving communities. Here are some loan closing highlights from the past few years.

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A Step to Freedom

$200,000 bridge loan

Loan Type: Bridge

Year Closed: 2023

Focus Areas: Human Services

Location: California

A Step to Freedom (ASF) provides justice-impacted individuals and people experiencing homelessness with a safe living environment and the support and resources needed to “take the first step to building a new future." ASF provides transitional housing and wraparound programs from mental health services to career exploration, as well as other supportive services. Supported by the Hilton Foundation, this zero-interest loan will help ASF cover ongoing organizational and programmatic costs while waiting for delayed reimbursements from government contracts and other funders. With this financing, ASF will be able to keep their programs running and doors open to anyone that needs their services.

Abode Communities

$2 million working capital loan

Loan Type: Working Capital

Year Closed: 2024

Focus Areas: Housing

Location: California

Abode Communities (Abode) is one of Southern California’s oldest and largest nonprofit affordable housing providers – since 1968, the organization has been working to address the disparity between income and housing affordability throughout California by creating supportive housing and providing social services to ensure that families, older adults, and unhoused individuals have the support needed as they work toward self-sufficiency and upward mobility. NFF provided a $2 million loan to Abode Communities in May 2019 for flexible pre-development financing to support their development pipeline. NFF’s loan was made possible by Bank of America, which connected community-based organizations like Abode Communities, a 2016 Bank of America Neighborhood Builder®, to low-cost capital that would further sustainable growth. With a three-year extension of their existing $2 million loan with NFF, Abode can keep funding multiple projects to further their mission of advancing affordable housing across California.

Acceleration Day and Evening Academy (ACCEL)

$1.6 million participation in a $5.2 million facility loan

Loan Type: Facility

Year Closed: 2021

Focus Areas: Charter Schools, Education

Location: Alabama

Acceleration Day and Evening Academy (ACCEL), Alabama’s first tuition-free public charter school, serves high school students in grades 9-12 from Mobile, Baldwin, and Washington Counties. ACCEL provides flexible, accelerated academics and critical wraparound supports to Mobile area students who are at risk of dropping out or have already dropped out of high school. Made in partnership with BlueHub Capital and HOPE Credit Union, this loan will allow ACCEL to expand into a nearby facility – and serve an additional 200 students who might not otherwise have access to a high-quality education.

ACHIEVEability

$250,000 working capital loan

Loan Type: Working Capital

Year Closed: 2022

Focus Areas: Human Services

Location: Philadelphia

ACHIEVEability provides comprehensive social services to low-income, single-parent, and unhoused families in West Philadelphia. The organization works to permanently break the generational cycle of poverty by offering higher education, affordable housing, and other supportive services designed to address the barriers that prevent people from achieving their aspirations. Financed through NFF’s CARE Fund, this loan will provide ACHIEVEability with the money needed to expand their staff and bridge cash flow issues caused by delayed payments from government-funded contracts.

Alliance for Progress Charter School

$612,000 acquisition loan

Loan Type: Acquisition

Year Closed: 2024

Focus Areas: Charter Schools, Education

Location: Philadelphia

Alliance for Progress Charter School (AFPCS) is a mission-driven, award-winning, K-8 charter school serving over 600 students annually in North Philadelphia. NFF provided Alliance for Progress with a $612,000 loan for the acquisition of unimproved land adjacent to the school’s existing campus to construct a new playground. The space will be equipped with play structures provided by KABOOM!, a national nonprofit that engages volunteers and sponsors to help communities build playgrounds for children. This loan was supported by NFF’s credit enhancement grant program facilitated by the United States Department of Education's Credit Enhancement for Charter School Facilities Program.

AltaSea at the Port of Los Angeles (AltaSea)

$8 million bridge loan

Loan Type: Bridge

Year Closed: 2024

Focus Areas: Climate Resilience

Location: California

AltaSea at the Port of Los Angeles (AltaSea) is dedicated to accelerating scientific collaboration, advancing an emerging “blue economy” through business innovation and job creation, and inspiring the next generation – all for a more sustainable, just, and equitable world. With an $8 million bridge loan from NFF, AltaSea can continue the revitalization of Berths 58 to 61 in the Port of Los Angeles while it waits for delayed government grants. This project will transform four historic port warehouses into 225,000 square feet of laboratories, research facilities, and hands-on educational development areas.

AMAAD Institute

$5.5 million acquisition loan

Loan Type: Acquisition

Year Closed: 2025

Focus Areas: Human Services

Location: California

AMAAD (Arming Minorities Against Addiction and Disease) Institute (AMAAD) provides social services tailored to the unique experiences of Black LGBTQ+ communities in LA County who have historically been disproportionately impacted by systemic inequities. The nonprofit roots its work in a commitment to fostering safe, healthy environments where people can live, learn, and thrive. With the support of a $5.5 million acquisition loan from NFF, AMAAD will purchase the building it has called home for more than a decade. This milestone will allow the organization to invest more deeply in its mission, strengthen its roots in the community, and ensure a permanent home for its programs and services for years to come.

Anthos|Home

$1 million bridge loan

Loan Type: Bridge

Year Closed: 2024

Focus Areas: Housing

Location: New York

Anthos|Home collaborates with government partners, nonprofits, and landlords to increase the number of housing units available, match tenants and landlords, streamline the apartment search, handle voucher paperwork, process applications and rental agreements, and assist in the move-in process. After settling into their new home, Anthos|Home provides ongoing housing stability services and matches tenants to a wide range of community services to support their success, including education, employment, and wellness. Supported by the Hilton Foundation, a $1 million zero-interest loan from NFF will provide financial capacity to cover ongoing organizational costs in the event of unexpected delays in payments from funders. With this investment, Anthos|Home will be able to focus on its essential work of connecting even more clients to housing.

Appalachian Children’s Center

$250,000 bridge loan

Loan Type: Bridge

Year Closed: 2025

Focus Areas: Human Services

Location: Georgia

Appalachian Children’s Center (ACC) is a child advocacy center in rural North Georgia that provides therapy, crisis intervention, community education, and parent training for child abuse victims and their caregivers. In 2024, ACC served nearly 600 clients from Fannin, Gilmer, and Pickens Counties – 60% of whom qualify as low-income. Supported by the Hilton Foundation, this zero-interest $250,000 bridge loan from NFF will bridge delayed grant payments as well as help cover transition costs for a recently acquired facility to meet rising service demand. Featuring seven therapy rooms, a youth sensory room, and a dedicated forensic interview suite, ACC’s new space will help ensure that children and families in the community continue to have access to services that can help them as they heal.

Arc Health

$1 million acquisition loan, $460,000 term loan, and $500,000 line of credit

Loan Type: Acquisition, Line of Credit, Term

Year Closed: 2024

Focus Areas: Health

Location: Mid west

Guided by principles of health equity and social justice, Arc Health is a medical staffing agency that connects quality healthcare clinicians and physicians to rural, underserved, and tribal communities that have traditionally faced barriers to accessing healthcare due to social and historical structures. In 2023 Arc providers worked 56,255 clinical hours and saw over 100,000 patients – an increase of nearly 75% from 2022. The organization serves 200,000 people annually through its services. NFF’s loans, totaling $2 million, will provide the capital for Arc Health to acquire Lux Travel Nurse and provide additional working capital for the newly combined entity. Lux Travel Nurse connects travel nurses to facilities in rural locations, primarily in the Midwest. This expansion will add an important piece of high-quality care to Arc Health’s offerings by giving it the ability to broaden much-needed service offerings to include nursing and related services.

ArtistiCO

$68,000 working capital loan

Loan Type: Working Capital

Year Closed: 2023

Focus Areas: Arts & Culture

Location: Colorado

The mission of ArtistiCO is to uplift, promote, and educate people about Latinx culture through art and dance. This queer, Latinx-led organization serves primarily Latinx youth and offers an inclusive platform for artists of all backgrounds to showcase their passion and talent to audiences at educational institutions, stages, and community events worldwide.Offered through the Metro Denver Nonprofit Loan Fund, which supports the recovery and development of the Metro Denver nonprofit ecosystem, NFF’s zero-interest loan will help the organization pay off two existing high-interest loans on their dance floor and the company car that transports students and costumes to performances.

BANANAS

$500,000 construction loan

Loan Type: Construction

Year Closed: 2023

Focus Areas: Human Services

Location: California

BANANAS partners with families and childcare providers to raise happy, confident children in the Northern Alameda County cities of Oakland, Berkeley, Albany, Piedmont, Emeryville, and Alameda. BANANAS operates out of an office building that was built in 1958 and is currently vulnerable to earthquake damage. This loan will support BANANAS with construction efforts to make the building more earthquake-resistant and strengthen the connections between the roof and walls to ensure its structural integrity. This loan helps BANANAS make an essential investment in their space that will allow the organization to focus on its essential work of supporting working families on their parenting journeys.

BEAM Circular

$750,000 line of credit

Loan Type: Line of Credit

Year Closed: 2025

Focus Areas: Climate Resilience

Location: California

BEAM Circular (BEAM) is a rising leader in California’s circular bioeconomy, a sector harnessing the power of biology to create useful products while reducing waste and pollution. BEAM leads a portfolio of public-private partnerships engaged in bioindustrial manufacturing – turning agricultural and organic waste from farms, forests, and cities into valuable products – including bio-based materials, chemicals, energy, and food ingredients. A $750,000 line of credit from NFF is helping BEAM move forward with confidence as it scales up operations, letting them cover expenses while waiting for grant reimbursement payments. Partnerships made it possible for NFF to offer loan terms best suited to BEAM’s growth needs: Grant funding from the James Irvine Foundation brought the loan’s interest rate to zero percent, and a loan guarantee from Nor-Cal FDC, which is part of the California Infrastructure and Economic Development Bank Loan Guarantee Program, provided additi

Beech Interplex

$250,000 acquisition loan

Loan Type: Acquisition

Year Closed: 2022

Focus Areas: Community-Owned Assets

Location: Philadelphia

Since 1990, Beech Interplex (Beech) has provided a variety of services and programs for residents of Cecil B. Moore Community, a historically disinvested 26-square block area in North Central Philadelphia. Through job placement, education, and rehabilitation services, Beech’s work of promoting homeownership and rental opportunities in the Cecil B. Moore community spans three decades and has helped improve living conditions for at least 60,000 Northern Philadelphia residents. Financed through NFF’s zero-interest CARE Fund, this loan will provide a portion of the funding needed to acquire the Dox Thrash House and purchase a vacant lot adjacent to Beech Interplex’s current Dox Thrash development – investments that will ensure this historic building remains an anchor in the community for years to come.

Better Housing Coalition

$4.65 million participation in a $12.65 million loan led by Local Initiatives Support Corporation

Loan Type: Construction

Year Closed: 2023

Focus Areas: Housing

Location: Virginia

Better Housing Coalition (BHC) is Richmond, Virginia's largest non-profit community development corporation. Through affordable housing, they improve lives and transform communities. NFF's loan participation will help finance BHC's Horner Apartment Project — a three-acre housing development with 49 affordable housing units. The development incorporates thoughtfully designed elements such as community open spaces and a loop walking trail for residents to enjoy. Safe and affordable housing is a human right; this development will restore that right to dozens of Richmond residents.

Black Cultural Zone

$25,000 construction loan

Loan Type: Construction

Year Closed: 2022

Focus Areas: Community-Owned Assets

Location: California

Black Cultural Zone (BCZ) CDC is composed of Black residents, leaders, and community organizers in East Oakland, California. Their mission is to unapologetically center Black arts, culture, and economics to design, resource, transform, and build collective power for Black folks. Financed through NFF's zero-interest CARE Fund, this loan will support the development of 68 affordable housing units, a market hall, food hub, and more. As they grow, BCZ will be able to activate even more community spaces for Black people, organizations, and businesses to flourish.

Bold Charter School

$3 million source loan

Loan Type: Source

Year Closed: 2025

Focus Areas: Charter Schools, Early Childhood Education, Education

Location: New York

Bold Charter School (Bold) is a leading K-7 public charter school in the Bronx. By pairing rigorous academics with strong family partnerships and a culture of growth, Bold equips hundreds of South Bronx students each year with tools to thrive. NFF, alongside CIP and LISC, is contributing a $3 million source loan to a $24.6 million New Markets Tax Credit transaction to fund Bold’s new K-8 charter school, with Civic Builders overseeing construction. With this financing, NFF is supporting Bold’s expansion into a new permanent home that will welcome 700 students – more than 300 new seats for South Bronx families. The new building will house 27 classrooms, small breakout rooms, science labs, art and music rooms, a cafeteria, gymnasium and administrative offices, providing Bold with the permanent space it needs to continue serving its growing student body. This project proudly marks NFF’s inaugural transaction utilizing funds through NY Green Bank’s Community Decarbonization Fund, which expands access to financing for emissions-reducing projects that benefit underserved communities in New York State. NFF’s loan participation is also backed by a U.S. Department of Education credit enhancement, which gives us the opportunity to provide loans to early stage, single- or multiple-site charter schools for acquisition and construction.

Bowery Residents’ Committee

$3.2 million participation in a $6.4 million acquisition loan led by CSH

Loan Type: Acquisition

Year Closed: 2025

Focus Areas: Housing

Location: New York

Founded in 1971, the Bowery Residents’ Committee (BRC) is one of New York City’s leading providers of housing, treatment, and other services for unhoused adults. In 2024, BRC served over 10,000 people, including helping 1,200 clients move from homelessness to stable, permanent housing. The $3.2 million participation in a $6.4 million loan is the latest in a 25-year history of NFF proudly backing BRC. It will support acquisition and predevelopment expenses for the construction of a new 95-unit housing project in the Bronx, which includes 57 supportive housing units, 37 affordable units, and one super unit. With this financing, BRC will be able to expand its reach to a community with limited housing options, offering stability and dignity to more individuals for years to come.

Boys & Girls Clubs of Puerto Rico (BGCPR)

$3.7 million participation in a $14.8 million loan led by Local Initiatives Support Corporation

Loan Type: Bridge

Year Closed: 2024

Focus Areas: Charter Schools, Climate Resilience, Education

Location: Puerto Rico

Boys & Girls Clubs of Puerto Rico (BGCPR) was created in 1967 to promote the social, educational, vocational, and character development of young people living in low-income communities throughout Puerto Rico. NFF’s $3.7 million participation in a $14.8 million loan led by Local Initiatives Support Corporation bridged an Elementary and Secondary School Emergency Relief (ESSER) grant to support the expansion of Vimenti School, the first public charter school in Puerto Rico and the primary tenant for the OASIS Hub project.

Carmen Schools

$6 million source loan

Loan Type: Source

Year Closed: 2025

Focus Areas: Charter Schools, Education

Location: Milwaukee

Carmen Schools of Science and Technology (Carmen) is a leading public charter school network of six schools across Milwaukee that serves more than 2,000 students in grades 6 through 12. Since opening their doors in 2007, Carmen has bridged the education gap in Milwaukee by providing access to high-quality public education for every child, in every neighborhood, from every background. As part of a collaborative financing effort, NFF – together with LIIF and IFF – is providing a $6 million source loan to a $66 million New Markets Tax Credit deal to finance the acquisition and construction of a new three-story, 120,000-square-foot high school campus on Milwaukee’s South Side. Beginning in the 2026-2027 school year, two of Carmen’s high schools will unite to form one new school, housed in a facility designed for 1,100 students. NFF’s loan participation is backed by a U.S. Department of Education credit enhancement, which gives us the opportunity to provide loans to early stage, single- or multiple-site charter schools for acquisition and construction.