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Single-family homes developed by IFF’s Community Development Solutions team, Chicago, IL. IFF champions nonprofits across the Midwest to shape more equitable and vibrant communities through community-centered lending, development, and real estate solutions.
IFF incorporated and began as the Illinois Facilities Fund, a program of the Chicago Community Trust. Trust staff learned that nonprofit operations suffer from both public and private under-funding in capital planning, capital finance, and building maintenance.
Our clients include human services agencies, supportive housing providers, schools, health clinics, arts and culture organizations, early childhood care centers, and community centers across the Midwest. We also finance grocery stores in food deserts and affordable housing projects.
Founded in 1988 as the Illinois Facilities Fund, IFF’s vision is to provide comprehensive solutions with transformational outcomes in low-income and special needs communities throughout the Midwest.
Funds can be used to purchase, construct, and / or improve essential community facilities, purchase equipment and pay related project expenses. Examples of essential community facilities include: For a complete list see Code of Federal Regulations 7 CFR, Part 1942.17 (d) for loans; 7 CFR, Part 3570.62 for grants.
In 2022 the Illinois Facilities Fund (IFF) hosted leaders from five small to medium-sized arts organizations across Chicago as part of their MacArthur Arts and Culture Loan Fund (ACLF) program. ESS was one of the organizations to benefit from the MacArthur Foundation’s generous program.
Occasionally, DHS or other state organizations will offer grants or loans for start-up or enhancement purposes to persons wanting to become a licensed child care provider. The following office may advise you of available grants or loans.
The Illinois Facilities Fund and Kent County, Michigan, have announced $9.9 million in loans for three community-based affordable housing development projects.
Read the latest Illinois Facilities Fund articles with information that impacts Chicago and surrounding areas.
IFF (CDFI) | 7,178 followers on LinkedIn. Mission-driven lending, real estate consulting, and development, with a focus on nonprofits in the Midwest. | Grounded in equity and deep sector expertise...