UPDATES

March 18, 2021

Southwest Partnership Takes Ownership of Former Littlepages Store in Pigtown with NIIF Loan

In March 2021, NIIF closed a $465,000 mortgage loan to support ownership and occupancy of the former Littlepages Furniture Store on West Baltimore Street in Pigtown […]
February 12, 2021

NIIF Partners with Opportunity Fund and BDC to Deliver PPP Loans for Small Business

In February 2021, NIIF partnered with Opportunity Fund, the nation’s largest nonprofit small business lender, and Baltimore Development Corporation to deliver loans under the Paycheck Protection […]
January 5, 2021

NIIF Provides $1.7 Million Construction Loan to Redevelop Station North Landmark

In December 2020, NIIF closed a $1.7 million construction loan to support the redevelopment of the former Odell’s nightclub located at 21 E. North Avenue in […]
November 2, 2020

NIIF Provides Pre-Development Financing for Perkins Homes

In February 2021, NIIF joined with Reinvestment Fund and the Housing Authority of Baltimore City to provide predevelopment financing to McCormack Baron Salazar for the first […]
September 30, 2020

$1.4 Million to Support Strategic Acquisition in Broadway East

In August 2020, NIIF extended a $1.4 million acquisition / bridge loan to the Mary Harvin Transformation Center, an affiliate of Southern Baptist Church, to support the acquisition of property for the future development of Southern Village […]
August 25, 2020

$1.8 Million Acquisition Loan to Preserve 170 Unit Affordable Housing Development in Northeast Baltimore

In July 2020, NIIF closed a $1.8 million loan to support the acquisition of Holly Lane Apartments, a 170 unit affordable apartment complex located on Crenshaw […]
April 15, 2020

$1.9 Million Loan for Hoen Building Improvements for Morgan State University and Other Infrastructure

In March 2020, NIIF extended a $1.9 million bridge loan to support infrastructure and tenant improvements in conjunction with the renovation of the Hoen Lithograph Building […]
February 25, 2020

Abell Foundation and NIIF Join to Support New Small Business Lending Fund in Baltimore

Arctaris Impact Investors, LLC (Arctaris) has announced the launch of Arctaris Baltimore, a $25 million business lending fund to invest in Baltimore’s neighborhoods, in partnership with The Abell […]
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

$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

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

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 […]