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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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.

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.

Special Services for Groups

$2 million bridge loan

Loan Type: Bridge

Year Closed: 2025

Focus Areas: Human Services

Location: California

Special Services for Groups (SSG) is LA County’s largest mental health provider delivering community-based services for approximately 30,000 clients annually. With more than 1,300 staff across 15 divisions, the nonprofit serves Angelenos from all walks of life through behavioral health, substance use, and social service programs. With $1 million from our Hilton Foundation Bridge Loan Fund and $1 million from our Cedars-Sinai Bridge Loan Fund, NFF provided financing to bridge a California State grant, allowing SSG to acquire a 36,000-square-foot hotel that will be transformed into a vital community asset. With renovations planned for the near future, the project will revitalize the space using funds from the State of California’s Behavioral Health Infrastructure Grant Program. As part of the Hollywood 2.0 initiative, this new behavioral health facility will increase access to essential services by providing housing and on-site holistic care for unhoused individuals in need of mental health support.

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.