Finance Fund

Finance Fund is a statewide nonprofit financial intermediary whose clients include community-based nonprofit organizations and for-profit businesses serving low-income communities throughout Ohio. Finance Fund provides debt and equity to its clients through management of 28 entities totaling over $250 million. It engages in creative approaches that build bridges between capital markets and economically distressed communities. Since 1987, Finance Fund has invested more than $288.5 million in small businesses, community facilities, health care centers, housing and commercial development projects throughout Ohio, leveraging more than $1.3 billion. This investment was accomplished through 2,984 awards to community-based organizations throughout the state. Partnerships have enabled low-income people access to 15,854 units of affordable housing, 21,932 direct jobs and 3,036 classrooms for 71,397 children. FCAP made its first loan in 2006 and has leveraged $44.3 million on an investment of $18.4 million to 39 borrowers. FCAP has financed 40 housing units, created 347,088 sq. ft. of commercial space and helped provide services to 7,174 patients. In addition, partnerships have helped create and/or retain 1,924 direct jobs.