Cincinnati Development Fund

Cincinnati Development Fund is a non-profit community development financial institution (CDFI) and Community Development Corporation, structured as a corporate tax-exempt entity. It provides lending, investment, and technical assistance to support the development of affordable rental and homeownership housing units as well as economic growth initiatives in underserved urban and rural areas across the country.

Through multiple awards from the Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, including grants from the Capital Magnet Fund, CDFI Program, CDFI Rapid Response Program, and CDFI Equitable Recovery Program, Cincinnati Development Fund has received significant funding to expand lending and investment in affordable housing solutions and community revitalization efforts nationwide. The organization utilizes these grant dollars to finance affordable housing acquisition, development, rehabilitation, and preservation activities targeting low-income, very low-income, and extremely low-income individuals and families. Additionally, funding supports organizational capacity building, COVID-19 pandemic response and relief efforts, expansion of financial products and services, provision of development services, establishment of loan loss and capital reserves, and general efforts to promote economic development in distressed communities lacking access to affordable financing. Cincinnati Development Fund has leveraged over $20 million in federal grant funding from the CDFI Fund toward these activities over the past several years, with no sub-recipients specified for delivering services under the awarded projects.