Nonprofit Finance Fund

What if communities could harness one of their most abundant resources – the sun – to drive cost savings and boost environmental sustainability? ?? In our latest client story, discover how SunLight General Capital delivers affordable clean energy solutions to low-income households through #CommunitySolar. Through our partnership with New York City Energy Efficiency Corporation (NYCEEC), we provided a $6.4 million loan to finance the construction of two community solar projects in the rural landscapes of upstate New York. Read the full story to see how these projects are powering change:?https://lnkd.in/gAA2vmaH

How can funders take meaningful action to bridge the gaps and better support #nonprofits in the face of the sector's shifting financial landscape? In The Chronicle of Philanthropy, Jim Rendon features insights from nonprofit leaders across the country, including our President and CEO, Aisha Benson. Read more at https://lnkd.in/gvw-Jkjp.

Congratulations to our very own Asia Edwards, MBA for receiving the 2024 Who's Who in Impact Investing award from the Denver Business Journal in partnership with the Impact Finance Center!??? This award was given in recognition of Asia’s commitment to creating a positive, lasting impact through her work managing NFF’s loan servicing team and her dedication to providing capital that makes a difference in local communities.

Act now to vote NO against #HR9495, a bill that poses a threat to the nonprofit ecosystem. This legislation would grant the Secretary of the Treasury discretionary power to designate section 501(c) nonprofits as “terrorist supporting organizations,” giving unchecked power to the Secretary to terminate the tax-exempt status of nonprofits. Contact your representative today and urge them to oppose H.R. 9495: https://lnkd.in/eiNZxvy2 Read more from Independent Sector at https://lnkd.in/gsMQ4arD.

Roads to Success is an NYC-based grassroots nonprofit dedicated to helping young people discover self-esteem, self-reliance, and empathy through a social-emotional learning framework. NFF’s $365,000 line of credit will help Roads to Success cover ongoing organizational costs while waiting for delayed reimbursements from government contracts, ensuring the organization can continue its mission of supporting young people at every stage of their journey. Learn more: https://lnkd.in/gqtajnTK

NFF’s Chaya Scott, B.A., M.A., CAP, Kristine Alvarez, Chris Lisée, and Michelle Legaspi Sanchez outline six essential recommendations for #Philadelphia nonprofit boards and staff to foster financial resilience amidst economic uncertainty and rising service demands in #VisionPhiladelphia’s new publication, “Nonprofit Financial Resilience: Six Collaborative Actions for Board and Staff.” Read more:?https://lnkd.in/gcb2a4eb Vision Philadelphia is supported in part by The Barra Foundation, NEUBAUER FAMILY FOUNDATION, The Pew Charitable Trusts, Philadelphia Foundation, regional foundation, Scattergood Foundation, Stoneleigh Foundation, William Penn Foundation, and United Way of Greater Philadelphia and Southern New Jersey.?

?? The Children's Village, founded in 1851, works in partnership with families to promote the well-being of young people in New York through housing, education, and advocacy. ?? Urban Pathways, a New York-based nonprofit founded in 1975, is dedicated to combating homelessness through housing and supportive services, while simultaneously advocating for systemic change. NFF’s $2.75 million loan, with a 50% participation from Leviticus Fund, will support Urban Pathways and The Children’s Village as they join forces to create a 123-unit permanent affordable and supportive housing development in the Bronx. Learn more: https://lnkd.in/eAfgDz2X

Sierra House Inc, a community-centered nonprofit in East Orange, New Jersey, is committed to supporting youth, low to moderate income (LMI) families, and homeless young adults through housing, education, and community services. NFF’s $300,000 loan will provide essential gap financing for the construction of a 4,000-square-foot, two-family residential home designed for LMI residents in East Orange, New Jersey. Learn more about our partnership: https://lnkd.in/guJDXSt8

NFF's three CEOs at the 'Intermediating Impact: Making Missing Markets' event at the Federal Reserve Bank of New York!

SEAMAAC’s new building on South Philadelphia’s Snyder Street will redefine what an office space can be – it will house a vibrant community center, alive with possibilities and created with and for the people.? See what’s on the horizon for SEAMAAC: https://lnkd.in/gR48bQwn?