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.