UPDATES

NIIF Investments

August 25, 2020

NIIF Closes $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 Loan For Hoen Building to Support 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 […]

NIIF News

June 9, 2020

Statement of Solidarity

The Neighborhood Impact Investment Fund mourns and condemns the senseless killing of George Floyd, Breonna Taylor and far too many others who have died as a […]
March 6, 2020

BBJ — Baltimore’s Neighborhood Impact Investment fund makes $7.2M in loans in first year

By Melody Simmons A total of $7.2 million in loans have been made through Baltimore’s new Neighborhood Impact Investment Fund during its first year, officials said […]
February 5, 2020

Impact Investors are Launching a $25M Program to Provide Capital in Baltimore’s Underinvested Neighborhoods

Arctaris Baltimore includes local partnership from the Abell Foundation and the Neighborhood Impact Investment Fund and will provide loans to businesses to finance growth.     Boston-based ArctarisImpact Investors is […]
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

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

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

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

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 …