IFF (CDFI)

We're excited to unveil IFF's 2023 Annual Report, which celebrates a historic year of investment in local changemakers across the Midwest! Specifically, we: ⭐ Closed a record 153 loans providing $233.9 million in capital to nonprofit changemakers; ⭐ Leveraged $1.28 billion in total community investment through our lending and supported the development of 4.97 million square feet of real estate; ⭐ Consulted on 90 nonprofit facilities projects; ⭐ Completed two community-driven development projects in the Chicago Metro area, with additional projects underway in Detroit, Grand Rapids, and St. Louis; and more! Learn how this translated to tangible impact for nonprofits and the communities they serve: https://lnkd.in/gUNKg3SH

Congratulations to It Takes A Village Family of Schools (ITAV), which celebrated the grand opening last week of its new Bronzeville campus on #Chicago’s South Side! IFF has proudly supported ITAV’s expansion with flexible financing and real estate support, and we were thrilled to get to join the celebration of this important milestone alongside students, teachers, parents, community members, and elected officials. To learn more about the new campus and its positive impact: https://lnkd.in/g9CaZDu7

Based in South Bend, #Indiana, Near Northwest Neighborhood, Inc. (NNN) is a #communitydevelopment corporation dedicated to the preservation and revitalization of the neighborhood where it’s located. IFF recently provided the organization with a $50,000 loan to support NNN’s development of a six-unit #affordablehousing project that will strengthen the community. Our team is ready to support your #nonprofit with its project! Get in touch today to learn more about our flexible financing: www.iff.org/small-projects

Over the summer, more than 40 #disability housing allies and innovators gathered in Columbus, #Ohio, for a visioning session designed to help #nonprofit All Inclusive Living (All In) advance its mission to meaningfully increase the supply of affordable, disability-inclusive housing in the region. Facilitated by IFF’s Real Estate Solutions team, with support from The Columbus Foundation, the session helped All In develop a theory of change that will play an important role in guiding the organization’s work in the coming years. Learn more here: https://lnkd.in/gYwyAQKP

The IFF team had a great week at Opportunity Finance Network's 2024 Conference in Los Angeles! With nearly 2,500 of our #CDFI colleagues in attendance, #OFN40 was a fantastic opportunity to discuss challenges, share best practices, and celebrate four decades of growth and impact in the CDFI industry while exploring how best to continue strengthening communities across the country. A special shout out to several members of our team who joined fellow leaders in #communitydevelopment to share their expertise during breakout presentations, including: • IFF Chief of Staff Jose Cerda III, who joined OFN's Sofia Gilkeson, Accion Opportunity Fund's Joshua Miller, and California Coalition for Community Investment CCCI's Rachel Mueller to discuss CDFI advocacy in a dynamic political environment. • President of IFF's Social Impact Accelerator, Tara Townsend, who shared learnings about creating and using theories of change to support more equitable outcomes for clients and communities alongside Nonprofit Finance Fund's Jina Paik, ICA Fund's Dianna Tremblay, and Partners for the Common Good's Carla Mannings. • IFF Director of Lending for Northern Illinois and Northwest Indiana Brett Mueller, who shared successes and lessons learned about expanding the capacity of Federally Qualified Health Centers with Capital Link's Becky Regan, Primary Care Development Corporation (PCDC)'s William O'Brien, Capital Impact Partners' Candace Robinson, and Low Income Investment Fund's Cigdem Chelsi Cicekoglu. We're already looking forward to next year's conference! #CDFIsInvest #CapitalForGood #CapitalMeetsPurpose #CommunityFinance

Since 2018, Power4STL has worked to reduce the impact of trauma from bullet-related injuries in St. Louis by operating a free, community-based clinic that provides therapeutic care, mobile outreach, and community engagement and training. IFF recently provided Power4STL with a small loan that enabled the nonprofit to acquire a facility it previously leased, saving the organization $6,400 annually and preventing it from being impacted by rising rents in the community. Our team is ready to support your #nonprofit with its project! Get in touch today to learn more about our flexible financing: www.iff.org/small-projects

We're excited to share that IFF will receive a $75 million bond loan via Community Reinvestment Fund, USA through the Community Development Financial Institutions Fund (CDFI Fund)’s Bond Guarantee Program! We're looking forward to using this capital to continue strengthening communities across the Midwest by supporting the development of affordable housing, expanding access to quality education, and more! Learn more about the Bond Guarantee Program and this year's record-setting issuance here: https://lnkd.in/gS8HRB4N

"We came into Detroit, which was a crowded CDFI ecosystem, but we had a real strong belief in both the way we work, and the kinds of products and services we knew we could bring to Detroit. We thought there was a place for us there as a complement to a lot of the existing resources," says Kirby Burkholder. IFF was recently featured in a Michigan's Second Wave story that highlighted IFF's first loan in the state to Detroit Achievement Academy and our most recent development project, the McClellan Early Childhood Center. Join us in continuing to celebrate our ten-year anniversary in Michigan by reading the story here: https://lnkd.in/gJBq-UQZ

For more than 25 years, Dream Center Evansville has offered a variety of programs designed to strengthen the community, including after-school programs, wrap-around care for students and families, and more. Recently, IFF provided Dream Center Evansville with financing to acquire three homes in Evansville, #Indiana, that serve as affordable rental housing. Is your #nonprofit looking for flexible financing for a small project? Get in touch with our team to learn more about how IFF can partner with your organization: www.iff.org/small-projects

We’re excited to share the news that Chicago Mahogany Foundation will receive a $30,000 grant from the Federal Home Loan Bank of Chicago (FHLBank Chicago) through its Community First Accelerate Grants for Small Business program! As an FHLBank Chicago member, IFF was honored to sponsor the grant application, and we look forward to seeing how the award will further Shermann "Dilla" Thomas' work to preserve and disseminate the rich history of Chicago. To learn more about Chicago Mahogany and its mission: https://lnkd.in/gAnrNJwM