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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Raleigh Rescue Mission

$9.5 million in New Markets Tax Credits

Loan Type: Construction

Year Closed: 2025

Focus Areas: Housing, Human Services, NMTC

Location: North Carolina

A trusted nonprofit with more than 60 years of service, Raleigh Rescue Mission (RRM) is a recognized leader in addressing homelessness across North Carolina. Through its comprehensive New Life Plan – a six-phase roadmap designed to guide individuals from homelessness to homeownership – RRM offers holistic, person-centered support that meets both immediate needs and long-term goals. With $9.5 million of NMTC allocation from NFF alongside support from Capital One, Dudley Ventures, Valley National Bank, CAHEC, and Accion Opportunity Fund, RRM is building a new restorative housing facility for women and children, a youth learning center, and community open space. The new 100-room facility will provide safe shelter and vital support for 780 people annually, while creating nearly 200 living-wage construction jobs.

RISE Prep Mayoral Academy (RISE)

$3.01 million participation in a $6.02 million facility loan with Local Initiatives Support Corporation as a participating lender

Loan Type: Facility

Year Closed: 2022

Focus Areas: Charter Schools, Education

Location: Rhode Island

RISE Prep Mayoral Academy (RISE) is a tuition-free public charter school serving students from Woonsocket, North Smithfield, and Burrillville, Rhode Island. The school emphasizes Individualized Education Plans that respond to the unique learning needs of each student. RISE spent its first three years in a temporary site that it quickly outgrew. NFF financed RISE’s acquisition and renovation of their current campus – a four-story, 34,000 square foot building just half a mile from their original location. To date, NFF has closed three separate loans to RISE (totaling $~15.2 million), with LISC purchasing a 50% participation in each transaction. This loan will support the third and final phase of the project, which includes a double-story gymnasium, classrooms, and a conference room totaling 8,500 square feet.

Roads to Success

$365,000 line of credit

Loan Type: Line of Credit

Year Closed: 2024

Focus Areas: Education

Location: New York

Roads to Success (RTS) is a NYC-based grassroots nonprofit dedicated to helping young people discover self-esteem, self-reliance, and empathy through a social-emotional learning framework. RTS impacts more than 7,000 youth and young adults annually through after-school programs, youth employment, college and career preparation, and summer camps. This translates to more than two million hours of direct services dedicated to its community each year. RTS receives a significant portion of its funding from government contracts. However, like many government entities, NYC agencies typically pay nonprofits after services are completed, leading to delays that often exceed 90 days. NFF’s $365,000 line of credit will help RTS cover ongoing organizational costs while waiting for delayed reimbursements from government contracts.

Safe Parking LA

$500,000 working capital loan

Loan Type: Working Capital

Year Closed: 2023

Focus Areas: Other

Location: California

Safe Parking LA (SPLA) bridges a gap in services by addressing the needs of people whose only source of shelter is their vehicle. Their programs provide secure overnight parking, much-needed access to restrooms and running water, and strengths-based case management that facilitates pathways to health and stable housing. Supported by the Hilton Foundation, this zero-interest loan will also support SPLA as they establish themselves as a standalone organization, independent of their fiscal sponsor. With more sustained, reliable funding, SPLA can continue investing in critical programs that restore safety and dignity to Angelenos.

SEAMAAC

$580,000 acquisition loan

Loan Type: Acquisition

Focus Areas: Human Services

Location: Philadelphia

Founded in 1984, Southeast Asian Mutual Assistance Association Coalition (SEAMAAC) serves about 11,600 individuals and more than 4,215 households annually through their community development, health and social services, education, and hunger relief programs. SEAMAAC has leased their space for 40 years. With a loan from NFF, they are acquiring their first property at 624-628 Snyder Street, which will serve as their permanent headquarters. By moving from their current space, which can be hard for many of their clients to access, the organization will be able to deliver services to clients in the heart of the community.

Seeing Our Adolescents Rise

$50,000 working capital loan through the Metro Denver Nonprofit Loan Fund

Loan Type: Working Capital

Year Closed: 2021

Focus Areas: Education

Location: Colorado

Seeing Our Adolescents Rise (SOAR) connects middle and high school students with advisors, tutors, and community partners who help them define and achieve their goals. SOAR primarily is funded by fee-for-service contracts from the City of Denver. This means that they are only paid after providing services to Denver youth, creating persistent cash flow constraints that the organization would like to overcome. This working capital loan will smooth over these cash flow issues, ensuring that SOAR has access to the financing it needs at any point in the year.

Services for the Underserved and Bronx Pro Group

$6.7 million acquisition loan

Loan Type: Acquisition

Year Closed: 2024

Focus Areas: Housing

Location: New York

Founded in 1978, Services for the Underserved (S:US) is a nonprofit housing and social services provider that has been supporting vulnerable populations for over four decades. Bronx Pro Group (BPG) is a women-owned, community-focused development firm committed to creating affordable and sustainable housing that leads to thriving communities. Since 1988, BPG has created over 2,500 affordable housing units, as well as commercial and community spaces, totaling $600 million. To address the growing need for affordable housing in New York, S:US and BPG have partnered on a $13.2 million project in the Mount Hope neighborhood of The Bronx. With Corporation for Supportive Housing as the lead lender, NFF’s $6.7 million loan will finance the predevelopment and acquisition costs of a new 187-unit building. Of these, 64 units will be dedicated to supportive housing for formerly unhoused older adults with lived experience of mental illness and substance use. With this investment, S:US and BPG will be able to continue delivering stable housing and essential services that foster economic wealth and well-being for even more New Yorkers.

Sierra House

$300,000 mini-permanent loan

Loan Type: Mini-permanent

Year Closed: 2024

Focus Areas: Housing

Location: New Jersey

Sierra House, a community-centered nonprofit in East Orange, New Jersey, is committed to improving the prospects of individual achievement for youth, low to moderate income families, and homeless young adults through housing, education, and community services. NFF’s $300,000 loan will provide essential gap financing for the construction of a 4,000-square-foot, two-family residential home designed for low- to moderate-income residents in East Orange, New Jersey. NFF is a valued community partner that has greatly supported Sierra House in advancing its mission to expand affordable. Through this partnership, NFF has provided financing that enabled Sierra House to build seven affordable housing units, including five units in East Orange, NJ and two units in Maplewood, NJ. With this financing, Sierra House can continue its mission of keeping housing affordable and promoting homeownership within the Greater Newark community.

Smith & Roller Holdings

$475,000 participation in a $950,000 predevelopment loan led by Reinvestment Fund

Loan Type: Predevelopment

Year Closed: 2022

Focus Areas: Community-Owned Assets

Location: Philadelphia

Smith & Roller Holdings (S&R) uses real estate development, communications, social impact, entrepreneurship, and community engagement to inform their approach to community development. By partnering with people in city government, education, urban planning, community organizing, and the arts, S&R reactivates historically significant properties in Philadelphia and turns them into spaces that nurture creativity, commerce, and public engagement. Smith & Roller Holdings is currently working on the construction of a new five-story residential building in North Philadelphia’s Kensington neighborhood. They are also renovating two existing buildings: a former industrial building and a former bank. This loan will fund architecture, engineering, and pre-construction management costs for the three buildings, which will ultimately contain 90 units of housing, more than a third of which will be affordable to people earning up to 80% of the area median income.

Soul Shoppe

$75,000 bridge loan

Loan Type: Bridge

Year Closed: 2021

Focus Areas: Education

Location: California

Soul Shoppe helps kids have healthy relationships at school and at home by teaching them tools to self-regulate, support friends, and resolve conflict. In the organization's workshops and assemblies, Soul Shoppe facilitators create safe environments for students to talk about real problems they are facing. After adopting a hybrid in-person/virtual model due to COVID-19, Soul Shoppe created a train-the-trainers program for school staff so that they can continue conflict resolution practices when Soul Shoppe staff cannot be physically present in schools. Financed through NFF’s CARE Fund, this loan will ensure that Soul Shoppe can launch its new train-the-trainers program and continue other work while it awaits repayment from school districts.

St. John’s Episcopal Hospital

$5 million construction loan

Loan Type: Construction

Year Closed: 2021

Focus Areas: Health

Location: New York

St. John's Episcopal Hospital offers emergency and ambulatory care to the densely populated, culturally and economically diverse, and medically underserved population of Far Rockaway, Queens and surrounding areas in New York. NFF and Capital Impact Partners each provided $5 million source loans for a $30 million project to construct a community clinic across the street from the hospital that will allow St. John's to expand the provision of primary care, mental health, and specialty care services on the Rockaway peninsula. This project will also free up much needed space at the hospital for critical inpatient services so that St. John's can continue to provide people of all faiths with comprehensive services - from preventive to rehabilitative - regardless of ability to pay.

SunLight General Capital

$6.4 million participation in an $8 million loan led by New York City Energy Efficiency Corporation

Loan Type: Facility Construction

Year Closed: 2024

Focus Areas: Climate Resilience

Location: New York

SunLight General Capital develops, finances, and operates solar energy projects with a focus on Northeast New York, promoting access to clean and affordable renewable energy. SunLight General Capital owns one of the largest and most diverse solar portfolios in the northeast – they have developed and acquired over 500 projects totaling more than 130 megawatts since 2009. NFF’s $6.4 million loan will fund the construction of two ground-mount solar arrays in Holland Patent and Barneveld, NY. The two community solar projects are estimated to generate over $13 million in utility cost savings for low-income residents through National Grid’s utility community solar program.

Sure We Can

$2 million acquisition loan

Loan Type: Acquisition

Year Closed: 2023

Focus Areas: Climate Resilience

Location: New York

Sure We Can is a nonprofit recycling center, community space, and sustainability hub in Brooklyn, New York where canners – people who collect cans and bottles from streets to make a living – come together with students and neighbors through recycling, composting, gardening, and arts. . NFF’s loan assisted Sure We Can in finally purchasing the property they’ve long sought. In addition to the long-term financial stability that comes with property ownership, Sure We Can plans to expand their workforce, pursue community control and governance, implement green infrastructure projects, and process harder-to-recycle materials. The acquisition was also supported by SeaChange Capital Partners, which provided capital as Sure We Can awaits a $600,000 capital grant from New York State’s Empire State Development.

Testimonial Community Love Center

$250,000 bridge loan

Loan Type: Bridge

Year Closed: 2023

Focus Areas: Housing

Location: California

Testimonial Community Love Center (TCLC) started in 1984 working with families and individuals experiencing homelessness in the greater South-Central Los Angeles area. Since then, LA has seen the rate of homelessness increase due to a combination of factors, such as the lack of affordable housing, adding new urgency to TCLC's work. Supported by the Hilton Foundation, this zero-interest loan will help TCLC have enough cash on hand to pay their staff, keep their doors open, and offer their essential programs. With support from this financing, TCLC can continue offering its vital services to address homelessness in South-Central LA.

The Play Company

$80,000 working capital loan

Loan Type: Working Capital

Year Closed: 2023

Focus Areas: Arts & Culture

Location: New York

The Play Company is an award-winning off-Broadway theatre known for developing and producing adventurous new plays in the U.S. and internationally. By hosting residencies, productions, and workshops, they encourage new work by collaborating with artists all around the world. This loan will help the organization overcome cash flow challenges caused by delayed major funding, which is a common experience for many nonprofits. It will help bridge cash shortages throughout the year so The Play Company can continue their important mission of advancing an inclusive and innovative American theatre system by championing new, often marginalized voices.

The Thinkubator

$50,000 working capital loan

Loan Type: Working Capital

Year Closed: 2022

Focus Areas: Education

Location: New York

The Thinkubator is an innovation and workforce development organization that works primarily with young people in the Bronx. They approach their work with a racial and economic equity lens through three major areas: education, research, and community. Currently, the Thinkubator’s CEO does most of the organization’s fundraising; hiring a full-time employee focused on development will allow the organization to deepen its existing relationships with funders and explore new fundraising relationships while freeing up the CEO to focus on other responsibilities. Offered through NFF’s zero-interest CARE Fund, this loan will provide the Thinkubator with the resources it needs to pursue this hire – ensuring that this new organization and the services it provides to Bronx youth will be around for years to come.

The Word

$90,000 working capital loan

Loan Type: Working Capital

Year Closed: 2022

Focus Areas: Arts & Culture

Location: Colorado

The mission of The Word is to promote creative voices from underserved communities and diverse backgrounds, honor stories from traditionally marginalized communities, and provide a space for these groups to see themselves in literature. Offered through the Metro Denver Nonprofit Loan Fund, which supports the recovery and development of the Metro Denver nonprofit ecosystem, NFF’s loan will provide The Word with the working capital needed to meet the rising demand for its services. With this investment, The Word can expand its programs to include even more community voices as agents of social and literary change.

UNITE-LA

$500,000 bridge loan

Loan Type: Bridge

Year Closed: 2023

Focus Areas: Early Childhood Education, Education

Location: California

For over 20 years, UNITE-LA has partnered with educational institutions and businesses in Los Angeles to improve the local public education system so that all children and youth succeed in college, career, and beyond. Supported by the Hilton Foundation, this zero-interest loan will help UNITE-LA cover ongoing organizational and programmatic costs while waiting for delayed reimbursements from government contracts and grants.

University Settlement Society of New York

$2 million working capital loan

Loan Type: Working Capital

Year Closed: 2024

Focus Areas: Human Services

Location: New York

Founded in 1886 as the first settlement house in the United States, University Settlement Society of New York (USS) is a human services nonprofit that serves over 40,000 clients annually. A $2 million loan from NFF will allow USS to navigate daily operations despite the unpredictability of government funding schedules, a common challenge faced by many nonprofit organizations. With this financing, USS will be able to continue providing essential services that foster stability for the thousands of individuals and families it serves.

Urban Pathways and The Children’s Village

$2.75 million acquisition loan

Loan Type: Acquisition

Year Closed: 2024

Focus Areas: Housing

Location: New York

Urban Pathways (UP), a New York-based nonprofit founded in 1975, is dedicated to combating homelessness through housing and supportive services, while simultaneously advocating for systemic change. The Children’s Village (TCV), founded in 1851, works in partnership with families to promote the well-being of young people through housing, education, and advocacy. Each year, TCV’s Dobbs Ferry campus provides short-term residential care for more than 800 youth – and its other community-based programs reach over 17,000 children and their families. NFF’s $2.75 million loan, with a 50% participation from Leviticus Fund, will support Urban Pathways and The Children’s Village in creating a 123-unit permanent affordable and supportive housing development in the Bronx. This project will feature 43 units allocated for low-income households and 80 units designated for formerly homeless individuals and young adults transitioning out of foster care. This investment will connect more than a hundred people to affordable housing, providing individuals and families with the stability of a secure living environment.