Cdfi Lending: Companies, Investors & News

Beneficial State Bank is an FDIC-insured, state-chartered community development financial institution (CDFI) headquartered in Oakland, California, with branches in California, Oregon, and Washington. Kat Taylor and Tom Steyer founded it in 2007 as a triple-bottom-line community bank and donated the capital to Beneficial State Foundation, a nonprofit that is now the majority owner of the bank’s capital. That ownership is the lock: the institution is meant to stay governed in the public interest rather than recapitalize through a conventional holding-company sale. Causeartist indexes it in the funders directory as a CDFI bank and debt provider, not as a venture fund. The product is credit: deposits become loans for affordable housing, nonprofits, small businesses, and environmental projects on the West Coast. CDFI rules require at least 60% of financing to low- and moderate-income or underserved communities; the bank reported that 100% of its 2025 loan portfolio upheld that community-development mandate. It will not lend to fossil fuels, private prisons, or weapons manufacturing, industries it calls “contra mission.” It has been a Certified B Corporation since 2012 (B Lab directory; the bank’s certifications page also cites 2013), is Fossil Free Certified, belongs to the Global Alliance for Banking on Values, and describes itself as the only unionized community bank in the U.S. As of year-end 2025 it reported $1.98 billion in assets, $1.67 billion in deposits, $1.47 billion in outstanding loans, and 15.4% net loan growth. Those figures are company-reported from the 2025 Impact Report, not an independent audit.

Capital Impact Partners is a nonprofit community development financial institution that lends to affordable housing, health, education, healthy food, cooperatives, and related community real estate. It traces to 1981–1982 federal cooperative-development roots and today operates as part of the Momentus Capital branded family with CDC Small Business Finance and Momentus Securities. The site frames Capital Impact as a mission-driven lender for projects banks often skip, with place-based clusters where staff know local partners. Affordable housing examples include preservation and mixed-use work such as a Redwood City project with HIP Housing that converted a small building into affordable studios in a high-rent market. Cooperative housing and ROC USA–style manufactured-home community resident ownership appear in long-running program history. Lending sits beside capacity-building programs for community-rooted real estate developers and co-op innovation awards. Growth-stage impact investments — venture debt, revenue or profit share, and preferred equity — target companies expanding economic opportunity, food and health access, or employee ownership. Investors can buy the Capital Impact Investment Note to fund the lending book while seeking a financial return. Borrowers apply through mission-driven financing and loan-offering pages for nonprofits, entrepreneurs, and community organizations. Because Momentus Capital is already listed separately in the Causeartist directory as the family brand, this profile keeps the Capital Impact Partners name and capitalimpact.org URL for operators who meet the CDFI as a housing and community-facilities lender. Capital Impact is a CDFI and community lender, not a housing-credit syndicator at NEF’s scale. Its edge is flexible debt and programs for housing, co-ops, health, and neighborhood facilities inside the Momentus continuum.

LISC — Local Initiatives Support Corporation — is a national nonprofit community development financial institution that finances affordable housing and broader neighborhood revitalization. It was created in December 1979 from a Ford Foundation initiative and formally announced in May 1980 with a $10 million pool from Ford and corporate partners including Aetna, Atlantic Richfield, Continental Illinois Bank, International Harvester, Levi Strauss, and Prudential. National headquarters are at 28 Liberty Street, Floor 34, New York, NY 10005. Michael T. Pugh became president and chief executive in October 2023 after leading Carver Federal Savings Bank and holding senior roles at Capital One and Citizens. LISC’s public results board reports $1.8 billion in grants, $7 billion in loans, and $29 billion in equity, for $38 billion total investment since 1979 that it says has leveraged about $102 billion in total development. The organization works through local offices in dozens of cities and across more than 2,000 rural counties. Program areas sit on a housing foundation and extend into small business, health, education, public safety, and community facilities. Lending covers predevelopment through permanent financing for multifamily rental, affordable for-sale, and mixed-use projects. Corporate and philanthropic partnership inquiries go to development@lisc.org. Press contacts use press@lisc.org. Affiliates extend the capital stack. National Equity Fund (NEF) is LISC’s LIHTC syndication affiliate. LISC Fund Management runs city and regional housing opportunity funds, including structures in Charlotte and Cleveland that blend public subsidy, bank capital, and mission debt. Broadstreet and other affiliates appear on the national site as part of the investor bridge into under-resourced markets. LISC is both a direct lender and grantmaker and a platform that brings national capital to local community development corporations and mission developers. For Causeartist’s affordable-housing shortlist, LISC is the national CDFI with the deepest local-office network and the parent of NEF’s tax-credit platform. It is not a venture firm. Capital is debt, grants, and tax-credit equity aimed at real estate and community projects.

The Low Income Investment Fund (LIIF) is a nonprofit community development financial institution that raises and structures capital for projects mainstream banks will not fully serve. It began in 1984 as the Low Income Housing Fund. Headquarters are at 49 Stevenson Street, Suite 300, San Francisco, CA 94105, with regional offices in New York City, Atlanta, Los Angeles, and Washington, D.C. Daniel A. Nissenbaum is chief executive officer. Kimberly Latimer-Nelligan is president. Maygen Moore is senior vice president and chief lending officer. Reymundo Ocañas of PNC Bank chairs the board. LIIF’s public impact scorecard, from the 2025 impact report, is $3.9 billion invested and 2.6 million people served. Affordable housing has been the core book since founding, with more than 108,000 units produced or preserved. The organization also finances early care and education and community facilities such as charter schools, nonprofit space, and health centers. It has set a 2020–2030 goal of $5 billion in community investments and reported 77 percent of that goal as of 30 June 2025. Fiscal 2025 audited figures show total assets of $797 million, notes receivable of $616 million, and total net assets of $222 million. The year closed 65 loans. Lending tools include acquisition, construction, rehabilitation, and green retrofit financing for affordable homeownership and multifamily rental, plus New Markets Tax Credits and Low Income Housing Tax Credit activity through related channels. An FY25 project spotlight describes a $2.75 million, eight-year Brighter Futures Fund loan paired with NMTC for a New Orleans early care center co-located with affordable housing, supported with Goldman Sachs. ECE work includes more than $660 million invested and about 430,000 child care program spaces created, preserved, or enhanced. LIIF presents itself as catalytic and higher-risk than banks, willing to do smaller or earlier loans and to work in markets banks skip. Supporters named in the 2025 report include banks, foundations, and public agencies such as Goldman Sachs Foundation, Bank of America Charitable Foundation, MacKenzie Scott, the CDFI Fund, and Wells Fargo. The organization is a lender and fund manager for mission sponsors, not a venture equity firm.

National Equity Fund is a nonprofit affordable housing investment manager and one of the largest nonprofit Low-Income Housing Tax Credit syndicators in the United States. LISC created NEF in 1987 to connect corporate investors with community developers building and preserving affordable rental housing. NEF’s core business is raising and deploying federal and state housing tax credit equity. It also provides predevelopment and preservation loans, supportive housing financing, workforce and moderate-income housing products, and investment structures that combine LIHTC with Opportunity Zone capital. In 2025, NEF reported raising and deploying $2.5 billion across 130 investments, including a record $1.94 billion in federal LIHTC equity. Those investments supported approximately 14,200 homes. Recent company materials cite roughly $27 billion to $30 billion invested over the organization’s history and approximately 260,000 affordable homes supported. NEF also directs resources back into community development through its relationship with LISC. The organization reports contributing more than $280 million in grants to support LISC’s work. Based in Chicago, NEF works nationally with affordable housing developers, investors, lenders, and public-sector partners.