Finance Fund Capital Corporation
Funding for Low-and Moderate-Income Communities
There are many challenges to bringing capital to distressed urban and rural communities. Insufficient income or assets and difficulty in meeting credit requirements can make it impossible for potential borrowers to access affordable capital from mainstream lenders. The resulting lack of investment in impoverished neighborhoods contributes to a cycle of declining property values, lower tax revenues and high rates of unemployment and poverty.
Who We Are
Finance Fund Capital Corporation (FCAP) is a certified non-profit community development financial institution (CDFI) that forms public-private partnerships with financial institutions, investors, charitable foundations, community organizations and federal, state, and local governments to provide flexible financing that supports economic development and job creation in low-and moderate-income communities. FCAP's borrowers include community-based non-profit organizations and for-profit businesses.
What We Do
FCAP’s funding programs include flexible loans that support a wide range of projects. Capital is used to build and rehabilitate community facilities, commercial and industrial properties, retail and office space and create permanent, private sector jobs.
FCAP-funded projects include:
- Affordable Housing
- Community Facilities
- Educational Facilities
- Health Care Facilities and Equipment
- Healthy Food Retailers
- Manufacturing
- Small Businesses
FCAP made its first loan in 2006 and has provided flexible financing totaling $47.5MM to 88 borrowers, leveraging $138.4MM of additional investments. FCAP has financed businesses and projects that have created and/or retained 4,125 direct jobs, developed 314 housing units and 993,128 square feet of commercial space, and served 388,278 people.