Loans: Other
Featured Loan: CicLAvia
Making memories in Los Angeles’ open streets
$250,000 bridge loan (August 2022)
CicLAvia catalyzes the use of public space and alternative modes of transportation in Los Angeles County neighborhoods by hosting community events where participants can bike, walk, skate, roll, and dance. By temporarily closing public streets and turning them into public parks for the day, CicLAvia connects diverse groups of Angelenos. With less vehicle traffic on the road, CicLAvia events improve air quality, reducing ultrafine air particles by over 20% near event routes. CicLAvia also advocates for pedestrians and bikers through local and regional transportation policies. With each free event averaging 50,000 attendees, CicLAvia is the country’s largest open streets program.
CicLAvia receives much of its funding from government contracts. However, like many government agencies, Los Angeles County agencies pay nonprofits after work is conducted, not before – and COVID-19 exacerbated delays in these payments that already existed. Offered through NFF's zero-interest CARE Fund, this loan will provide a portion of the cash needed to advance costs for an increasing number of events and smooth over cash flow issues caused by delays in government reimbursement. With more sustained, reliable funding in a time of significant growth, CicLAvia can continue investing in the health and well-being of even more Los Angeles County residents.
YMCA of Memphis & the Mid-South: Building healthy communities in Tennessee
$11-million NMTC investment and $1.5-million construction loan (Dec 2020)
Women’s Wilderness: Supporting girls, women, and LGBTQ+ people through connections with the outdoors in Colorado
$60,000 equipment loan through the Metro Denver Nonprofit Loan Fund (July 2021)
Women's Wilderness requested a $60,000 loan through the Metro Denver Nonprofit Loan Fund to finance a fleet of three vans. While COVID-19 is still a threat in the United States, these vans will allow the organization to maintain its current program capacity while still maintaining social distancing between participants. In the future, these vans will allow Women's Wilderness to increase the amount of women, girls, and LGBTQI+ people it serves with its outdoor programming.
Downtown Community Television Center: new space for public screenings of documentary films in New York City
$2.1 million in financing (Jan 2020)
DCTV is building a new, 74-seat public cinema devoted exclusively to documentary film screenings. Located on the building’s ground floor, the cinema will serve as an expansion of the existing DCTV Presents programming, where the organization hosts screening events that engage audiences in documentary films about important social issues. NFF provided a $1-million bridge loan and a $1.1-million construction loan toward the $5.2-million project. Partner: LISC
YMCA of Metro Atlanta: A new home for education, after school activities, childcare, and health services
$9-million NMTC allocation (Dec 2019)
Partners: SunTrust Bank, Atlanta Public Schools, and The Grove Park Foundation.
Finger Lakes ReUse: Reducing waste and creating economic opportunities by giving new life to used materials in Ithaca
$1.7-million loan (Sep 2019)
Co-investor: Alternatives Federal Credit Union
Community Connections for Youth: Community-based resources in Harlem for youth involved with the justice system
$1-million line of credit (May 2019)
In 2017, CCFY was awarded a 5-year, $10.3-million contract from the Manhattan District Attorney’s Office, through the Criminal Justice Investment Initiative, to operate a “Youth Opportunity Hub” in Harlem. The hub gathers community-based organizations under one roof to provide a range of resources, services, and activities to support youth who have been involved or are at risk of involvement with the justice system. NFF’s $1-million line of credit will be used to prevent cash shortages as CCFY awaits reimbursement for this work and payments from other government contracts.
Interested in a loan for your organization?
Visit our financing page to learn more!
Explore your financing options