Finance Fund and Finance Fund Capital Corporation were created to connect underserved communities with public and private sources of capital. We simplify the complexities of the funding process to help good ideas come to life — ideas that change systems, create jobs, address community needs and improve the quality of life in Ohio’s neighborhoods and communities. It takes committed leaders, clients, partners and staff to enable the kind of change that we support to rebuild and revitalize Ohio’s low-income communities.
In 1985, the Ohio Department of Development and the Ohio CDC (Community Development Corporation) Association convened a task force of community-based organizations to share expertise and advocate on behalf of underserved communities. This task force was charged with recommending a way to meet the future financing needs of community-based development projects. In 1987, the 501(c)(3) nonprofit called the Ohio Community Development Finance Fund (or Finance Fund) was born and has since become a go-to funding resource for public and private-sector organizations. Finance Fund provides millions of dollars for the revitalization of distressed communities and neighborhoods across Ohio.
Finance Fund Capital Corporation (FCAP), the certified nonprofit Community Development Financial Institution (CDFI) affiliate of Finance Fund, made its first loan in 2006. FCAP is primarily focused on small business lending in low-income and distressed communities with focus on healthy foods, community facilities, health and wellness, education and manufacturing.
Finance Fund will be a leading partner in empowering the low-income community.
- We believe that people are important.
- We believe that we have a responsibility to help people gain equal access to a quality life.
- We believe we can facilitate positive system change.
We believe that lasting change can occur in Ohio's underserved communities by investing in people, projects and businesses that provide needed services, good-paying jobs and new resources. In this video, several Finance Fund clients share their inspirational stories.