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NIIF is an innovative, non-profit investment fund that brings much needed capital to historically disinvested communities in Baltimore City. As a public-private partnership launched by Baltimore City, NIIF is a place-based fund with loans and investments targeting Eligible Neighborhoods that have suffered for generations from lack of investment, segregation, and racial discrimination. These neighborhoods, which comprise roughly 65% of the city, are home to more than 90% of the City’s Black residents. The Fund is an independent 501(c)(3) organization certified by the US Treasury as a Community Development Financial Institution and capitalized by a $51.7 million loan from Baltimore City. Since its launch in 2019, the Fund has grown rapidly, committing over $75 million to impactful projects and initiatives to date.
Grant
$5.0M
Apr 2023
Community Development Financial Institutions Fund