UPDATES

NIIF Investments

January 10, 2020
January 10, 2020

$1 Million Bridge Loan for Southern Streams Health & Wellness Center

In December 2019, NIIF extended a $1 million bridge loan to support predevelopment expenses for the the planned Southern Streams Health and Wellness Center to be built on North Chester Street […]
January 10, 2020
January 10, 2020

$2 Million for BCL to Increase Business and Development Lending

In December 2019, NIIF extended a $2 million low cost loan to Baltimore Community Lending (BCL), an established Community Development Financial Institution with a 30-year history […]
November 1, 2019
November 1, 2019

Groundwork Kitchen Culinary Arts Training & Restaurant Facility Sponsored by Paul’s Place

Paul’s Place, a longstanding nonprofit service provider in Southwest Baltimore, has launched construction of Groundwork Kitchen, a new, 15,000-square foot culinary arts training facility and restaurant […]
November 1, 2019
November 1, 2019

Village Center at Stadium Place Sponsored by GEDCO

In September 2019, Mayor Jack Young, Councilmember Mary Pat Clarke and others joined co-sponsors Govans Ecumenical Development Corporation (GEDCO) and Commercial Development in the groundbreaking for […]

NIIF News

November 1, 2019
November 1, 2019

NIIF Closes $14 Million Credit Facility with Consortium of Local Banks

NIIF is pleased to report that it has finalized a $14 million credit facility with a local bank group led by M&T Bank and including First […]
November 1, 2019
Bloomberg Philanthropies
November 1, 2019

Bloomberg Philanthropies Provides Three-Year Grant Award to Support NIIF Launch

Bloomberg Philanthropies has awarded NIIF a three-year grant to support the startup and operation of the new fund. The funding will serve to offset staffing, fund […]
February 26, 2019
February 26, 2019

Baltimore DCHD Issues a Framework for Community Development

DHCD has issued a comprehensive Community Development Framework. The Framework brings into focus DHCD’s overall strategy and plan and articulates key strategic approaches for launching a new era of neighborhood investment.

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February 5, 2019
February 5, 2019

Urban Institute: “Black Butterfly” – Racial Segregation and Investment Patterns in Baltimore

Read full article at the Urban Institute

Baltimore is the 30th-largest US city by population and is a study in contrasts. It has a low average income compared with other wealthy Northeast cities, has nine colleges and universities, and is a magnet for people pursuing higher education but has undergone decades of population loss.

January 3, 2019
Upton
January 3, 2019

Next City: Balancing the Scales of Investment in Baltimore

Read the full article on Next City

Like a lot of American cities, contemporary Baltimore has two types of neighborhoods: Those few areas in and around downtown, where capital is relatively easy to access, and the more common outlying neighborhoods, often historically disinvested …

December 18, 2018
Upton
December 18, 2018

Baltimore Sun: Baltimore neighborhood investment fund set to launch; $52 million to back building and business projects

Read the full story at the Baltimore Sun

Baltimore’s spending board is set to take the final steps to create a $52 million fund to back building projects and businesses in city neighborhoods that for decades have struggled to secure investment.