IFF is a mission-driven lender, real estate consultant, and developer that helps communities thrive by creating opportunities for low-income communities and people with disabilities. Key to their success has been a deep sense of purpose, a broad perspective, and a relentless focus on achieving positive results. Social return can coincide with financial return.
Across the Midwest, they help clients from every sector, including human service agencies, health centers, schools, housing developers, and grocery stores. Their staff of nearly 90 professionals works from their Chicago headquarters, and they also serve the Midwest from six regional offices: Indianapolis, Indiana; Detroit, Michigan; Minneapolis, Minnesota; St. Louis, Missouri; Columbus, Ohio; and Milwaukee, Wisconsin. They are a U.S. Department of the Treasury-certified community development financial institution (CDFI), a member of the Federal Home Loan Bank of Chicago and the Opportunity Finance Network, and a past recipient of the $5.5 million Wells Fargo NEXT award for Opportunity Finance.
IFF is the largest nonprofit CDFI in the Midwest and one of only a few nationally to earn the CARS AAA+1 rating. Since 1988, the organization have made over $620 million in loans, leveraged $1.7 billion in community investments, and grown their total managed assets to $498 million.
An immense need to help nonprofit corporations own and improve their homes led to IFF’s founding in 1988. While working at the Chicago Community Trust as assistant director, Trinita Logue launched IFF as a $1.7 million loan fund to fill a gap: long-term financing for nonprofits’ capital projects. Their services expanded to include real estate consulting and development, research and public policy, and community development.
Although IFF have changed in some ways, their values have not. IFF fight for the most affordable solutions, understanding every saved dollar goes to the mission. The organization strives for long-term value and relationships, knowing that strong nonprofits make for strong communities.