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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Homework Central

$100,000 working capital loan

Loan Type: Working Capital

Year Closed: 2022

Focus Areas: Education

Location: California

The mission of Homework Central (HWC) is to provide students and families in the San Mateo-Foster City School District with the tools they need to foster academic success. HWC partners with local schools and offers tutoring services, literacy programs, and family dinners – primarily to Latine English-language learners. 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 support the salaries of new staff that will expand the summer learning program and make the second-grade literacy program permanent. With this financing, Homework Central can continue investing in the success of even more students across San Mateo County well into the future.

Horizon Recuperative Care

$500,000 bridge loan

Loan Type: Bridge

Year Closed: 2023

Focus Areas: Health, Human Services

Location: California

Horizon Recuperative Care (Horizon) is a for-profit service provider that offers recuperative care for individuals in LA County experiencing homelessness post-hospitalization. Supported by Cedars Sinai and the Hilton Foundation, this zero-interest bridge loan will help Horizon expand its services to a new 78-bed facility in East Los Angeles, CA while waiting for late reimbursements from its CalAIM Community Supports contracts. CalAIM promises to make recuperative care more accessible, but as it represents a significant change for both health plans and recuperative care providers like Horizon, payments to providers are often delayed. This financing will help Horizon reach even more people across LA County in need during a critical time of transition.

Impact Public Schools (IPS)

$1.6 million participation in a $16.4 million renovation loan

Loan Type: Renovation

Year Closed: 2022

Focus Areas: Charter Schools, Education

Location: Washington

Impact Public Schools (IPS) is a network of three charter schools serving the racially, ethnically, linguistically, and socioeconomically diverse regions close to Seattle and Tacoma, Washington.This loan will support significant renovations to IPS’ fourth campus, the newest addition to its network. The project will result in 24 new classrooms, an administrative space, commons, a kitchen, a parking lot, and a playground. When the new school opens in the fall of 2023, this expansion will grow the school’s total capacity by nearly 600 students – allowing IPS to offer high-quality education to more students across Washington.

Impact Services

$1.5 million facilities loan

Loan Type: Facility

Year Closed: 2021

Focus Areas: Housing

Location: Philadelphia

Impact Services’ mission is to empower people in need to attain the hope, motivation, and skills necessary to reach their fullest human potential and highest level of personal and family self-sufficiency. The Philadelphia neighborhoods where Impact Services works have been highly impacted by the overlapping traumas of multi-generational poverty, opioid addiction and the heroin trade, and a high level of violence. NFF’s loan will support a phased redevelopment of Impact Services’ historic campus, which will be financed with a mix of Low-Income Housing Tax Credits, Historic Tax Credits, New Markets Tax Credits, grants, and loans. The resulting campus will include an existing 57-bed shelter for veterans who are experiencing homelessness, a multi-purpose community gym facility, 47 units of affordable housing, program space for Impact Services, and several floors of commercial space for office or community purposes. With this redevelopment, Impact Services will be able to expand its programs to even more Philadelphia residents, giving many people the support they need to overcome obstacles and achieve their aspirations.

Innovative Housing Opportunities

$2 million predevelopment loan

Loan Type: Predevelopment

Year Closed: 2025

Focus Areas: Housing

Location: California

Innovative Housing Opportunities (IHO) was formed in 1976 as Irvine Housing Opportunities to advocate for affordable housing in low- and moderate-income communities in Irvine, California. Today, IHO owns and operates ten properties across California, totaling over 800 units. These buildings provide stable housing for more than 1,200 people annually, including low-income individuals and families, veterans, seniors, youth, people with special needs, and those experiencing homelessness. With $2 million in working capital from NFF’s Accelerating Permanent Supportive Housing Fund – designed to support LA nonprofit developers to accelerate the creation of affordable supportive housing units – this pre-development financing will help IHO respond more effectively to the urgent need for stable homes among hundreds of Angelenos.

Jazz Night School and LEMS Bookstore

$2.8 million acquisition loan

Loan Type: Acquisition

Year Closed: 2024

Focus Areas: Arts & Culture

Location: Washington

Seattle-based nonprofit Jazz Night School (JNS) uplifts their community by creating an exceptional, supportive environment where people of all musical abilities can come together to learn, perform, and enjoy jazz. A $2.8 million acquisition loan from NFF – with additional financing from Rainier Valley Community Development Fund, Conlin Columbia, and 5001 Rainier investors – will secure permanent sites for Jazz Night Schools and LEMS Bookstore, along with over 100 units of affordable housing. This investment will provide the spaces needed for both organizations to deliver vital community programs for many more generations.

Judeo Christian Outreach Center

$2.5 million participation in a $5 million construction loan led by Local Initiatives Support Corporation

Loan Type: Construction

Year Closed: 2024

Focus Areas: Human Services

Location: Virginia

Judeo Christian Outreach Center (JCOC) fights hunger and homelessness by serving over 100,000 individuals each year through its hunger relief and housing support programs. Since its founding in 1986 by faith-based organizations in Virginia Beach, JCOC has expanded its impact by partnering with more than 100 volunteer groups, churches, synagogues, and civic organizations. NFF’s $2.5 million loan, as part of a $5 million financing package led by LISC, will fund the construction and development costs for JCOC’s 3H Housing project – creating 38 units of permanent supportive housing and office space for the organization. Through affordable housing and a range of supportive services – including childcare, career counseling, and healthcare – JCOC will continue fostering well-being for both its residents and the surrounding LMI community.

Kensington Corridor Trust

$250,000 working capital loan

Loan Type: Working Capital

Year Closed: 2022

Focus Areas: Community-Owned Assets

Location: Philadelphia

The Kensington Corridor Trust (KCT) is a Philadelphia-based organization grounded in the belief that neighbors have the power to affect change in their own neighborhood. By reactivating real estate, fostering local entrepreneurship, and reinvesting capital into the neighborhood, the KCT’s mission is to build local wealth among residents and include community members in a values-aligned approach to development that protects the communities that make up the neighborhood today. Financed through NFF’s CARE Fund, this loan will finance the acquisition of two properties into the trust – an important step towards the organization’s long-term goal of restoring control of Kensington’s buildings to Kensington residents.

Khesed Wellness

$125,000 working capital loan

Loan Type: Working Capital

Year Closed: 2022

Focus Areas: Human Services

Location: Colorado, Illinois, Michigan, Texas

Khesed Wellness (Khesed)’s mission is to advance equity in mental healthcare by making wellness services affordable for underinsured and uninsured individuals across Colorado, Texas, Michigan, and Illinois. Khesed offers below-market-rate therapy sessions in office buildings, private practice locations, religious organizations, and other places with available space during the week. In response to the rapidly growing need for mental health services caused by the COVID-19 pandemic, Khesed has grown 300% since 2020. Financed through the Metro Denver Nonprofit Loan Fund, which was created to support the recovery and sustainability of the Metro Denver nonprofit ecosystem, this loan will help Khesed hire 15 therapists in the Denver Metro Area, including five therapists for its BIPOC Pro Bono and Training Program. With this investment, Khesed can expand quality, affordable mental healthcare to Denver residents that need it.

Kids First Health Care

$250,000 facility loan

Loan Type: Facility

Year Closed: 2021

Focus Areas: Health

Location: Colorado

Kids First Health Care (KFHC) partners with schools and other community organizations to bring primary and preventive health services to youth ages 0-21. Most of the youth KFCH serves are enrolled in Medicaid or Child Health Plan Plus and nearly 20 percent are uninsured. After COVID-19 mandated school closures across the country, KFHC shut down its school-based sites. For the past year and a half, they have been seeing patients solely out of their headquarters – a small facility with just two exam rooms. As schools reopen and KFHC once again begins seeing patients while they're in school, they will use this loan from our Metro Denver Loan Fund to expand into a new location with six exam rooms – vastly expanding the amount of youth they'll be able to serve. In partnership with a dental clinic at the same site, they hope to evolve this building into a hub for all of their community's healthcare needs.

KIPP Philadelphia Public Schools

$3 million participation in a $15.5 million construction loan

Loan Type: Construction

Year Closed: 2021

Focus Areas: Charter Schools, Education, NMTC

Location: Philadelphia

KIPP Philadelphia Public Schools is one of 28 regions of KIPP’s national, non-profit network of college preparatory, public charter schools educating elementary, middle, and high school students. Since 2003, KIPP Philadelphia has built a track record of preparing students in educationally underserved communities for success through college and in life. Made in partnership with BlueHub Capital, Cinnaire, National Trust Community Investment Corporation, Philadelphia Industrial Development Corporation, Reinvestment Fund, and Truist Community Capital, this loan will allow KIPP Philadelphia to move their elementary school to a property in West Philadelphia that has remained vacant since 2013. MIS Capital will renovate the entire property, preserving the historic façade and brickwork while making necessary updates to infrastructure like pipes and ventilation and completely redesigning recreational facilities. This development is part of a larger expansion that will allow the KIPP Philadelphia network to nearly double in size, serving an estimated 4,480 students by 2030.

LA Family Housing Builds

$2.5 million predevelopment loan increased to $3 million

Loan Type: Predevelopment

Year Closed: 2025

Focus Areas: Housing

Location: California

LA Family Housing (LAFH) expands access to affordable, dignified housing by developing permanent homes, bridge housing, and emergency shelters for low-income families, older adults, people with special needs, and individuals transitioning out of homelessness. To more efficiently manage its growing development pipeline, LAFH spun off its housing development arm in 2023 as LAFH Builds (LAFHB). In June 2025, NFF renewed its loan and increased the amount by $500,000 to a total of $3 million, providing additional flexible financing. Since receiving its original $2.5 million loan from NFF’s Accelerating Permanent Supportive Housing Fund in 2021, LAFHB has supported 13 projects, totaling 832 permanent supportive housing and low-income units. The added $500,000 from NFF will help advance critical predevelopment work to further the strategic pursuit of LAFHB's new affordable and supportive housing projects.

Little Tokyo Service Center

$4 million participation in an approximately $12 million CDFI Source Loan with Genesis LA as the lead lender

Loan Type: Construction

Year Closed: 2024

Focus Areas: Community-Owned Assets

Location: California

Founded in 1979 by Japanese American activists, Little Tokyo Service Center (LTSC) provides social services and community development services in Los Angeles’ Little Tokyo Historic District and neighboring Asian American and Pacific Islander communities. LTSC serves about 10,000 clients – 90% of whom identify as low income – in Southern California annually through counseling, case management, senior services, and more. In partnership with the City of Los Angeles and the Go for Broke National Education Center, a nonprofit organization that educates people about Japanese-American veterans who served in World War II, LTSC will develop a vacant lot into a mixed-use development including over 200 affordable housing units and 45,000 square feet of commercial space. NFF’s loan participation will help finance the commercial portion of the project, which will preserve several legacy businesses in the surrounding Little Tokyo community and create a permanent headquarters and exhibit space for the GFB Center. Additionally, the new building will provide office space for LTSC’s growing supportive services department.

Marcy Lab School

$150,000 facilities loan

Loan Type: Facility

Year Closed: 2022

Focus Areas: Education

Location: New York

With rising tuition costs and low graduation rates, traditional college options leave many young people – especially those from communities of color – with no degree, no path into a meaningful career, yet a huge burden of debt. Marcy Lab School responds to this by offering a free, one-year software engineering fellowship to students who might not be able to afford a four-year college. Graduates learn how to code, contribute to and lead teams, and remain confident and composed under stress. This loan will support Marcy Lab School's expansion into a larger facility, allowing it to offer its programs to 20 more students, a 33% increase.

New Kensington CDC

$1.08 million construction-to-perm loan

Loan Type: Construction-to-perm

Year Closed: 2024

Focus Areas: Community-Owned Assets

Location: Philadelphia

Founded in 1985, New Kensington Community Development Corporation (NKCDC) is a community-driven, trauma-informed, and equity-focused nonprofit that uses real estate development, community engagement, and direct services to meet the housing needs of Philadelphia’s Kensington, Port Richmond, and Fishtown residents. NKCDC is renovating its former office at 2513-2515 Frankford Avenue in Philadelphia, which consists of two adjacent, three-story row homes in the Kensington neighborhood totaling nearly 5,000 square feet. A $1.08 million construction-to-perm loan from NFF will fund renovations to revitalize two ground-floor retail spaces and four affordable housing units on the upper floors.

New Kensington Community Development Corporation

$250,000 working capital loan

Loan Type: Working Capital

Year Closed: 2022

Focus Areas: Community-Owned Assets

Location: Philadelphia

New Kensington Community Development Corporation (NKCDC) uses real estate development, community engagement, and direct services to meet the housing needs of Philadelphia’s Kensington, Port Richmond, and Fishtown residents. By offering free homebuyer courses, small business consulting, and more, NKCDC provides resources to community members most at risk of being displaced. As it grows, NKCDC has identified a commercial corridor of 19 properties on Kensington Avenue to activate and revitalize as a part of its North of Lehigh Revitalization Plan. Offered through NFF’s CARE Fund, this loan will finance renovations for three existing corridor properties.

Northwest Bronx Community and Clergy Coalition

$250,000 bridge loan

Loan Type: Bridge

Year Closed: 2021

Focus Areas: Faith Organizations

Location: New York

Since 1974, Northwest Bronx Community and Clergy Coalition (NWBCCC) has worked to unite diverse people and institutions to fight for economic democracy in the Bronx and beyond.Through the Weatherization Assistance Program (WAP), NWBCCC works with landlords in the Bronx to invest in the structural health and safety of their buildings. In 2021 NWBCCC served 5,000 people, 95% of whom qualified as low-income. Financed through NFF’s zero-interest CARE Fund, this loan will bridge delays in payments on its government contracts with New York State and New York City. This loan will provide the organization with the space to build up its reserves through philanthropic sources – reserves it can draw from for future working capital needs and use to respond nimbly to the evolving needs of Bronx communities.

Pioneer Works

$4.7 million bridge loan

Loan Type: Bridge

Year Closed: 2023

Focus Areas: Arts & Culture

Location: New York

Pioneer Works Arts Foundation is an artist and scientist-led nonprofit cultural center in New York City that fosters innovative thinking through visual and performing arts, technology, music, and science. This loan will support Pioneer Works as it purchases, renovates, and expands its facility on Pioneer Street in Red Hook, Brooklyn. NFF's financing will allow Pioneer Works to continue to educate and serve their community as they wait for reimbursement from city and state capital grants.

Premium Health

$1.85 million bridge loan

Loan Type: Bridge

Year Closed: 2024

Focus Areas: Health

Location: New York

Premium Health specializes in delivering culturally-competent services to the Orthodox Jewish community across five different locations in the Borough Park, Kensington, Ocean Park and Midwood neighborhoods of Brooklyn. In 2023, its programs supported approximately 27,000 individuals and families. With increasing demand for Premium Health’s services, a $1.85 million bridge loan from NFF will cover the gap in funding for medical equipment purchased for its new 4510 16th Avenue location as the organization waits for delayed reimbursements from government funding. This investment will positively impact the overall health and well-being of thousands more residents throughout Brooklyn by creating more opportunities for them to access the quality healthcare they need.

Public Health Management Corporation

$3.7 million bridge loan

Loan Type: Bridge

Year Closed: 2023

Focus Areas: Health

Location: Philadelphia

Public Health Management Corporation (PHMC) is a nonprofit public health institute that builds healthier communities through partnerships with government, foundations, businesses, and community-based organizations. PHMC is one of the largest and most comprehensive public health organizations in the country, serving close to 350,000 clients annually with more than 350 programs in 70 locations. The campus is undergoing major renovations to improve systems and infrastructure, with total development costs around $90 million. Once completed, the campus will feature an upgraded hospital, inpatient pediatric behavioral health center, primary care medical and dental services, and several residential and non-residential social service programs. As part of a large financing project, NFF’s participation loan with lead lender PIDC will bridge a grant from the Commonwealth of Pennsylvania Office of the Budget that supports the acquisition and construction of regional economic, cultural, civic, recreational, and historical improvement projects.