The mission of the Baltimore City Department of Housing and Community Development (DHCD) is to improve the quality of life for all Baltimore City residents by revitalizing and redeveloping communities and ensuring access to adequate and affordable housing opportunities in safe, livable and decent neighborhoods.

NIIF seeks to work in alignment with DHCD in delivering complementary and catalytic investment capital to support its community development efforts.  DHCD’s comprehensive Community Development Framework outlines several key roles for NIIF.

forsyth street

Forsyth Street is an advisory and asset management firm focused on affordable housing, real estate and municipal and impact investment.

Since Forsyth Street’s founding in 2003, its team of 17 professionals has structured and executed over $3 billion in transaction volume on behalf of our clients.

Whether advising clients on complicated transactions or managing assets and investments on behalf of our clients, we are committed to provide the highest quality service and to practice fairness, integrity and transparency in all aspects of our business.


Founded in Washington DC in 1984, Raffa grew to become a nationally recognized leader in providing accounting and related business services to the nonprofit community.  Raffa was the recipient of numerous “Best Of” awards in a variety of categories, including Best CPA Firm for Equity Leadership from the MOVE Project (2018) and Top 25 Women-Owned Businesses from the Washington Business Journal (2017), and was recently distinguished as the largest B Corp-certified CPA firm in the world, which estabished Raffa among the very few firms to meet strenuous standards of social and environmental performance.  In 2018, Raffa combined forces with Marcum, the nation’s 16th largest accounting firm, to leverage the resources of a national firm and expand its capabilities. The practice area is now known as Raffa – Marcum’s Nonprofit & Social Sector Group.

Whiteford Taylor and Preston

Since 1933, Whiteford, Taylor & Preston has provided trusted representation and guidance to clients on issues critical to achieving their business goals. With over 170 attorneys, the firm provides a comprehensive range of sophisticated, cost-effective business law and litigation services.

The firm’s clients range from innovative start-ups to middle market companies to Fortune 100 enterprises. With a growing Mid-Atlantic footprint that includes sixteen offices in Delaware, D.C., Kentucky, Maryland, Michigan, New York, Pennsylvania and Virginia, the firm serves clients regionally, nationally and globally.