Neighborhood Impact Investment Fund About NIIF Eligibility Financing Our Impact Get Started Direct Loans NIIF provides direct loans for impactful development projects that can be accessed at any point in the development timeline, including acquisition, predevelopment, construction, and term financing. NIIF also provides bridge financing to accelerate grants or other future funding sources and subordinate loans to complement other lenders. NIIF financing is used for housing, commercial development, community facilities and mixed-use projects. Apply for NIIF Financing Follow the three simple steps below to get started today. 1 Is the project in an Eligible Neighborhood? The Eligible Neighborhoods for NIIF have been defined by Baltimore City. Investment is restricted to these areas based on the loan agreement with the City that has served to initially capitalize NIIF. For more information and to see if a location is eligible for financing from NIIF, refer to our interactive map of Eligible Neighborhoods. 2 What type of financing is needed? NIIF can offer a variety of products to fill gaps in projects and to meet borrower’s needs. In general, these products are designed to support larger scale real estate related development or acquisition projects. The current product offering is detailed below and NIIF will consider flexible terms and conditions, including subordinated debt. As a wholesale intermediary by design, NIIF is also working to identify and support partners capable of reaching the small business and small developer markets at this time. Term Loans Longer term financing, typically to fill critical gaps in transformative projects including residential, commercial, mixed use projects and New Markets Tax Credit transactions. Learn More Bridge Loans Interim to support timing gaps or other gaps, including subsidy payments, tax credit capital or fundraising proceeds. (Up to $3 Million) Learn More Construction Loans Typically follow acquisition of property or vacant site, and are used to cover hard and soft cost associated with new construction, adaptive reuse or extensive renovation for residential, commercial or mixed use. (Up to $3 Million) Learn More Acquisition Loans For purchase of vacant land and buildings planned for future development, preservation of affordability, or other redevelopment/reuse activities, for both residential and commercial development. (Up to $3 Million) Learn More Predevelopment Loans Short term loans for early stage costs such as engineering, design and environmental costs. Learn More Additionally, NIIF will consider the following structures as part of investments in Impact Investment Neighborhoods: Subordinate Debt NIIF will consider subordinate or mezzanine structures in its products for impactful projects, subject to underwriting. Loans to Intermediaries NIIF will consider direct loans to CDFIs and other intermediaries or other forms of credit support where capacity constraints exist. 3 Complete the Form Below Once you have confirmed the project is in an eligible neighborhood, and you know which financing option(s) you are interested in, please complete and submit the intake form below. Once complete, you will be provided with a link to download a more detailed preapplication for NIIF financing. Apply Now This report to the Baltimore community highlights NIIF’s progress to date. 2020 Annual Report Home About NIIF Eligiblity Financing Our Impact Contact Mailing Address: Box 354, 711 West 40th Street, Suite 153 Baltimore, MD 21211 info@baltimoreniif.org © 2021 Neighborhood Investment Impact Fund. All Rights Reserved. To the top ↑