Building Assets in Underserved Communities
Finance Fund believes that lasting change can occur in underserved communities by investing in people and organizations, projects and businesses that provide needed services, create jobs and attract other investment. It's a belief we put into action every day.
Activating potential takes time and diligence. We talk to a lot of people and listen to a lot of ideas. We ask a lot of questions. Then we go to work to simplify the complexities of the financing process for economically viable initiatives. We help our partners see the power and potential of the projects we bring them. We work in partnership to be catalysts for change.
Who We Are
Founded in 1987, Finance Fund is a nonprofit 501(c)(3) and Community Development Entity (CDE) that builds bridges between public and private financial resources and the low-income community to help spark catalytic growth and attract other investment.
Since 1987, Finance Fund and its subsidiaries have invested more than $336.2 million in housing, economic development, and community facility projects leveraging over $1.37 billion. This investment was accomplished through 3,019 awards to community-based organizations throughout the state. Finance Fund provides debt and equity to our clients through the management of 28 entities totaling $280 million. Our partnerships have enabled low-income people access to 16,168 units of affordable housing, 25,928 direct jobs, and 3,079 early care and education spaces (classrooms) for 71,947 children. In addition, partnerships have provided services to 39,830 patients, benefitting the lives of more than 191,595 Ohioans.
What We Do
Through grant programs and credit enhancements, Finance Fund helps nonprofit Community Development Corporations (CDC) and Community Action Agencies (CAA) bring access and opportunity to lower-income neighborhoods.
In addition, Finance Fund puts federal and state New Markets Tax Credit programs to work in Ohio to attract private investment in low-income urban and rural communities, revitalize neighborhoods, provide needed goods and services and create jobs.