Financing

Closed Loans

COPO

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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Center for Nonprofit Management

$500,000 bridge loan

Loan Type: Bridge

Year Closed: 2024

Focus Areas: Other

Location: California

With 45 years of leadership, the Center for Nonprofit Management (CNM) is dedicated to fostering a thriving social impact sector in Southern California. CNM's programs help nonprofit leaders strengthen organizational capacity, enabling them to more effectively serve their communities. Supported by the Hilton Foundation, a $500,000 zero-interest bridge loan from NFF will help CNM cover ongoing organizational costs while waiting for delayed reimbursements from government contracts and other funders. With support from this loan, they can continue investing in programs that equip nonprofit leaders with the knowledge, skills, and resources needed to fulfill their missions.

Chhaya Community Development

$4.6 million acquisition loan

Loan Type: Acquisition

Year Closed: 2025

Focus Areas: Housing, Human Services

Location: New York

Chhaya CDC was founded in 2000 to address the housing and economic needs of low-income South Asian and Indo-Caribbean New Yorkers and their families. For 25 years, they have served tens of thousands of individuals and led the charge on key policy issues for immigrants, advocating for systemic changes that remove the barriers to well-being, housing stability, and economic mobility. NFF’s loan will help Chhaya CDC acquire and renovate a 4-story building in Jackson Heights, Queens. The building will serve as its new headquarters, a multiservice community center, and a comprehensive resource hub for the community. The new ADA-compliant space will also provide the organization with three times the space it currently occupies, expanding Chhaya CDC’s visibility and positive impact on New York residents.

Chrysalis

$500,000 bridge loan

Loan Type: Bridge

Year Closed: 2024

Focus Areas: Human Services

Location: California

Founded in 1984 to assist individuals experiencing homelessness, Chrysalis helps people navigate barriers to the workforce by offering a comprehensive job-readiness program, individualized supportive services, and paid transitional employment. Supported by the Hilton Foundation, a $500,000 zero-interest bridge loan from NFF will help Chrysalis cover ongoing organizational costs while waiting for delayed reimbursements from government contracts. With support from this loan, they can continue investing in programs that provide opportunity through employment.

Churches United for Fair Housing

$4 million bridge loan to an NYC Economic Development Corporation grant, $2.8 million mini-perm loan

Loan Type: Bridge

Year Closed: 2024

Focus Areas: Community-Owned Assets, Faith Organizations, Housing

Location: New York

Churches United for Fair Housing (CUFFH) uses community organizing, youth engagement, and social services to create inclusive communities in North Brooklyn. CUFFH partners with churches, nonprofits, schools, and activist groups to reach thousands of community members across New York City – and they serve over 6,000 families annually through weekly workshops, youth organizing, social services, job training, legal support, and more. NFF’s bridge loan will help the organization pay the deposit to the seller of the contract while it continues to perform due diligence of the site and building. With NFF's financing, in partnership with Leviticus Fund, CUFFH is now moving even closer to their goal of property ownership. Upon acquisition of the property, CUFFH plans to accelerate their programmatic efforts and is confident that the space will be used frequently for local community events and gatherings. This brings them one step closer to acquiring a permanent home for their work to build thriving North Brooklyn communities.

CicLAvia

$250,000 bridge loan

Loan Type: Bridge

Year Closed: 2022

Focus Areas: Other

Location: California

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. 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.

Citizens of the World

$835,000 participation in $7.5 million construction loan

Loan Type: Construction

Year Closed: 2021

Focus Areas: Charter Schools, Education

Location: California

Citizens of the World is an intimate network of high-achieving, community-based public schools. Their mission is to provide a high-quality education to a diverse community of students that reflect the abundant socioeconomic, racial and cultural diversity of their surroundings, developing their abilities, confidence, and sense of responsibility for themselves and their community. This loan will support the construction of a new, permanent location for grades 3-5 on the school’s Mar Vista campus. It will allow the school to bring the 5th grade back to the elementary campus and provide a students with a modern and updated site, adding art, enrichment, play, lunch and library to the space, and creating a more secure campus.

Coalition for Responsible Community Development

$1.25 million predevelopment loan, $3 million working capital loan

Loan Type: Predevelopment, Working Capital

Year Closed: 2025

Focus Areas: Housing, Human Services

Location: California

Coalition for Responsible Community Development (CRCD) began in 2005 in the Vernon-Central neighborhood of South Los Angeles with one contract: cleaning up graffiti vandalism. Since then, CRCD has expanded its services for residents in South LA, starting up programs in youth and adult workforce development, housing and supportive services, and small business services. CRCD will use the $1.25 million loan to finance predevelopment costs for current affordable housing projects in its pipeline and support new projects advancing into the construction phase. A new $3 million line of credit from NFF will provide support with addressing working capital needs caused by a significant increase in government contracts and delays in government contract reimbursements.

Colorado Village Collaborative

$250,000 bridge loan

Loan Type: Bridge

Year Closed: 2023

Focus Areas: Housing

Location: Colorado

Colorado Village Collaborative (CVC) partners with people experiencing homelessness to create and operate innovative solutions to homelessness: housing that centers on human dignity and design solutions that are affordable, sustainable, and community oriented. Financed through the Metro Denver Nonprofit Loan Fund, this zero-interest loan will help CVC cover organizational and programmatic costs while awaiting reimbursement from various grant programs. With this financing, CVC can continue to build affordable, community-centric, and environmentally friendly housing solutions without interruption as it waits to be reimbursed for its crucial work.

Columbia River Mental Health Services

$2,500,000 renovation loan

Loan Type: Renovation

Year Closed: 2022

Focus Areas: Human Services

Location: Washington, D.C.

Columbia River Mental Health Services (CRMHS) is a mental health services provider whose mission is to provide behavioral health and recovery services to children, adults, and families in Southwest Washington, primarily serving people in Clark County. Financed through NFF’s Resilient Communities Fund, this low-interest loan will provide a portion of the funding needed to renovate CRMHS’ new space – increasing the organization’s ability to focus on two important areas of its work.

Community Health Initiatives

$1,200,000 facility loan, $410,000 bridge loan

Loan Type: Bridge, Facility

Year Closed: 2022

Focus Areas: Health

Location: New York

The mission of Community Health Initiatives (CHI) is to provide outstanding healthcare for New Yorkers — regardless of their ability to pay. A Federally Qualified Health Center (FQHC), this community-based organization offers free and low-cost healthcare for New York residents who may otherwise lack access to quality medical care. The larger site will house additional exam rooms along with a physical therapy area, nurses’ station and clinical work area, urgent care practice, triage and consultation rooms, and additional administrative spaces. NFF's loans will both finance the new center and bridge government grants that will provide the remainder of the financing required to furnish the space.

Compass Health

$4.725 million construction loan

Loan Type: Construction

Year Closed: 2023

Focus Areas: Health

Location: Washington

With 26 locations across Northwest Washington, Compass Health is a leading behavioral healthcare provider that delivers comprehensive mental health treatment in the North Puget Sound region of Washington State. This financing supports the second phase of a three-phase construction project, involving the construction of a four-story facility with approximately 71,000 square feet of inpatient and outpatient behavioral health care. The expansion will allow Compass Health to serve even more community members, with a goal of adding over 1,000 new patients and increasing overall patient visits from 23,700 to 31,500 per year.

Compass Rose Education

$3.6 million refinancing of a facility loan

Loan Type: Facility

Year Closed: 2021

Focus Areas: Charter Schools, Education

Location: Texas

Compass Rose Education (CRE) is a network of tuition-free, public charter schools that combine academic success with personal growth so that K-12 students across Texas can navigate life’s big opportunities. Its rigorous, college-preparation-focused curriculum has enabled its student population, nearly 90% of which are from low-income households and 90% of which are students of color, to academically outperform those from the school district in almost all state tests. NFF and BlueHub Capital are each providing CRE with $3.6 million in refinancing a loan which supported the renovation of a building that holds CRE’s first San Antonio campus and 850 students. Together with a previous $1.1 million loan to CRE and a $1.4 million loan to CRE’s developer and landlord Building Hope, NFF has invested about $6 million into CRE’s efforts to bring high-quality education to students across Texas.

Council of Peoples Organization

$1.25 million acquisition loan and $750,000 bridge loan

Loan Type: Acquisition, Bridge

Year Closed: 2024

Focus Areas: Human Services

Location: New York

Established in 2002, Council of Peoples Organization (COPO) serves over 12,000 people annually in New York City by providing free social services like mental health services, older adult services, a Halal emergency food pantry, immigration legal services, and more. NFF’s financing will allow COPO to acquire a permanent home for the long-term in the Brooklyn community it serves. The acquisition of this headquarters location will also provide additional programming space for COPO to continue serving its community for many more years to come.

East New York Restoration Local Development Corporation

$150,000 bridge loan

Loan Type: Bridge

Year Closed: 2021

Focus Areas: Community-Owned Assets

Location: New York

East New York Restoration Local Development Corporation (ENYRLDC) works to increase career and business opportunities in the Brooklyn neighborhoods of East New York. The organization’s goal is to foster a solid foundation for economic development by supporting small businesses, job development, and efforts to keep communities clean, green, and environmentally informed. Financed through NFF’s zero-interest CARE Fund, this loan will both pay off that personal loan and bridge the financing ENYRLDC needs to complete the fitness center while city contract payouts continue to be delayed. Effectively, this loan will ease cash flow pressures on the organization while supporting the health and wellness of East New York communities.

Elevate Collegiate Charter School

$3,980,000 construction loan

Loan Type: Facility

Year Closed: 2023

Focus Areas: Charter Schools, Education

Location: Texas

Elevate Collegiate Charter School (Elevate Collegiate) is a new community-centered charter school located in the Third Ward neighborhood of Houston. The Third Ward is home to some of the most critical institutions in Houston's Black community, including Texas Southern University, Riverside Hospital, and dozens of prominent churches. NFF's loan and a $2 million subordinated loan from TCSD will finance Elevate Collegiate’s two-phase leasehold improvement. This renovation project will provide the financing needed to renovate 24,000 square feet of space to create 18 classrooms, support offices, a shared kitchen, and a multi-purpose room. This includes constructing a new 3,100 square-foot mezzanine level for student use. 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. This credit enhancement grant program allows us to offer low-cost capital that helps start-up and single-site schools acquire, construct, and renovate new or existing facilities.

En2action

$250,000 bridge loan

Loan Type: Bridge

Year Closed: 2022

Focus Areas: Community-Owned Assets

Location: California

The mission of En2action is to engage, empower, and inspire action to promote equitable growth, build resilient communities, and achieve transformative social good – with a focus on serving BIPOC entrepreneurs. Since its founding in 2019, En2action has supported the growth of 50 Black-owned businesses, engaged with at least 5,000 community members, and produced over 1,000 food boxes. county of San Francisco. However, like many government agencies, San Francisco agencies pay nonprofits after work is conducted, not before – and COVID-19 exacerbated delays in these payments that already existed. Financed through NFF’s Bay Area Racial Equity Fund, which provides zero-interest loans with flexible repayment plans to BIPOC-led nonprofits in the San Francisco Bay Area, this loan will smooth over cash flow issues caused by delays in government reimbursement and provide some of the cash needed for En2action to meet payroll and focus on growing its essential programs.

Franklin Cummings Tech

$8 million participation in a $38.5 million debt financing structure

Loan Type: Construction

Year Closed: 2024

Focus Areas: Education

Location: Massachusetts

Franklin Cummings Tech (FC Tech) is one of New England’s oldest technical and trade colleges. FC Tech's mission is to deliver transformative technical and trade education that leads to economic advancement. NFF’s $8 million loan is part of a $38.5 million debt financing structure that includes five additional lenders: The Property Casualty Initiative, The LIFE Initiative, Massachusetts Housing Investment Corporation, Low Income Investment Fund, and Cambridge Savings Bank. In addition to the debt financing, there is also New Markets Tax Credit financing, funding from private foundations, a grant from the City of Boston, and FC Tech equity. This financing will support FC Tech as it embarks on the construction of a new LEED Gold certified, 68,000-square-foot, state-of-the-art facility in Roxbury’s Nubian Square.

Girls Athletic Leadership School Los Angeles (GALS LA)

$4.4 million facility construction loan

Loan Type: Facility Construction

Year Closed: 2024

Focus Areas: Charter Schools, Education

Location: California

Girls Athletic Leadership School Los Angeles (GALS LA) is a first-of-its-kind all-girls middle school preparing a generation of young women to become confident, capable leaders of their own lives. NFF leveraged our Department of Education credit enhancement grant program to support our $4.4 million facility construction loan to GALS LA. This charter school financing helped advance construction efforts for GALS LA's new permanent facility, a move which will allow them to serve up to 330 students – a remarkable 108% increase from their current campus capacity.

Graduate Philadelphia

$250,000 working capital loan

Loan Type: Working Capital

Year Closed: 2022

Focus Areas: Early Childhood Education, Education

Location: Philadelphia

Based in Philadelphia, PA, Graduate Philadelphia provides advising, coaching, re-enrollment, and perseverance support to adults who live and/or work in the Philadelphia region and have previous college credit but have not yet earned a degree. Graduate Philadelphia receives a significant portion of its revenue from contracts with the City of Philadelphia; however, these payments are given after the organization offers services and are often delayed, creating cash flow issues for the nonprofit. Offered through NFF’s zero-interest CARE Fund, this loan will smooth over these cash flow challenges by bridging the period between when they offer services and when they receive payment. With this capital on hand, Graduate Philadelphia can continue to provide the education and workforce development services that so many Philadelphians depend on to achieve their long-term goals.

Hanini Group

$6 million participation in a $28 million construction loan with Capital Impact Partners as the lead lender

Loan Type: Construction

Year Closed: 2023

Focus Areas: Housing

Location: New Jersey

Hanini Group invests in urban communities by focusing on conscious design, sustainable construction, and equitable urban revitalization. A full-service real estate management firm based in Philadelphia, SHIFT connects developers of color with capital and resources to build quality affordable housing – from investment management to property management. SHIFT currently serves seven neighborhoods, 29 Black, Indigenous, and people of color-owned small businesses, and 29 woman-owned small businesses through their spaces and programs. Hanini Group and SHIFT formed 10 Commerce Newark LLC to complete the conversion of a 12-story, 126,088 square-foot vacant office building located at 10 Commerce Court, a highly desirable location in the heart of the downtown Newark business district into a mixed-use, mixed-income development. NFF’s loan participation will help finance the construction of 110 housing units – 20% of which are affordable housing – and two commercial units with easy access to Newark Penn Station, where NJ Transit, Amtrak, and PATH trains to New York City can be accessed. With this development, Newark residents will have more affordable housing options and better access to transit and employment opportunities.