Neighborhood Impact Investment Fund About NIIF Eligibility Financing Our Impact Get Started Lending Partnerships In addition to direct lending for projects, NIIF is proud to invest in non-bank, mission-oriented lenders who serve market segments that the Fund is less well positioned to serve on its own, including loans for small businesses and small developers. These lending partners, in turn, commit to provide their lending products to support NIIF’s Eligible Neighborhoods. Please contact our lending partners directly at the contact below for more information. Arctaris Small Business Loans In January 2020, NIIF closed a $1 million commitment to Arctaris Impact Investors to establish the Arctaris Baltimore initiative. Arctaris, a national business-lending fund, provides larger loans of $1 to $5 million for small business expansion. NIIF’s loan supplemented a $4 million commitment from the Abell Foundation. The combined commitment supports a $25 million fund for investment in Baltimore City. For the NIIF funds to be fully drawn, Arctaris must invest at least $12.5 million in Eligible Neighborhoods. View Website Contact Baltimore Community Lending Small Business Loans In December 2019, NIIF closed a $2 million low-interest loan to Baltimore Community Lending (BCL). With a 30-year history of providing loan capital for development, BCL is an established CDFI and leader in mission lending in Baltimore. BCL has extensive construction finance experience and now offers unsecured small business loans. NIIF is pleased to support both areas of BCL’s work with additional capital for Eligible Neighborhoods. View Website Contact - Small Business Contact - Real Estate DASH Small Developer Loans The DASH Fund provides flexible and well-priced debt capital to small developers who acquire, renovate, and re-sell affordable single-family homes. The homes must be 1-4 unit, single family properties located in NIIF’s Eligible Neighborhoods. The Fund is led by the National Community Stabilization Trust, a national non-profit with a focus on neighborhood redevelopment, minority homeownership and neighborhood stabilization. With support from Baltimore City DHCD and NIIF, the Fund is committing $3 million to this pilot initiative. View Website Contact Opportunity Fund Paycheck Protection Program In 2021, NIIF partnered with Opportunity Fund, the nation’s largest nonprofit small business lender, and Baltimore Development Corporation to deliver loans under the SBA Paycheck Protection Program (PPP) in NIIF’s Eligible Neighborhoods. This program is no longer available as the Paycheck Protection Program has expired. 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 ↑