UPDATES

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 […]
June 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 […]