The IFF, originally founded in 1988 as the Illinois Facilities Fund, is a mission-driven lender, developer, and consultant focused on empowering nonprofits across the Midwest. With headquarters in Chicago and regional offices in cities like Detroit, Indianapolis, and Kansas City, IFF addresses the intersection of finance and community development to bolster the capacity of organizations that serve under-resourced areas. As a certified Community Development Financial Institution (CDFI), IFF has gained recognition for its effective impact management and financial performance, receiving top ratings from Aeris.
Since its inception, IFF has offered innovative financial products, including low-interest loans, New Markets Tax Credits, and extensive real estate consulting services, all designed to enhance the operational stability and outreach of nonprofits. By combining financial expertise with sector knowledge, IFF helps organizations navigate funding challenges while focusing on affordable housing, healthcare, education, and community development.
Prioritizing equity and inclusion, IFF emphasizes authentic collaboration with its partners and communities, aiming to dismantle systemic barriers and promote anti-racist practices within its operations. Its initiatives, such as the Stronger Nonprofits Initiative, focus on addressing the disparities faced by organizations led by people of color, empowering them to thrive in their missions.
With a proven track record of $1.6 billion in financing, IFF has facilitated the development of significant community infrastructure, including over 20,500 units of affordable housing and more than 160,900 school seats. By continuously seeking new solutions and scaling impactful projects, IFF remains committed to driving systemic change and advancing equitable outcomes in communities across the Midwest.
