What We Do
Community Facility Impact Fund
FCI's Community Facility Impact Fund (The Fund) is designed to provide capital to nonprofit partners working to create a more equitable Wisconsin through reducing racial and socio-economic disparities across the state.
The Fund leverages New Markets Tax Credits (NMTC) to provide financing to qualified organizations looking to acquire, construct, or rehabilitate facilities to expand and improve services and/or build out administrative spaces. You can learn more about NMTC here.
In order to be approved for loans from The Fund, projects must be:
Qualified Low Income Community Investments (QLICIs)
Less than $4 million in total development costs
Examples of previous projects that have accessed this funding include community kitchens, early childcare centers, rehabilitation of school facilities, and food co-ops.
Borrowers of The Fund will receive more flexible borrowing terms and conditions, including:
Below market fixed interest rates
Higher than standard loan-to-value ratios
Longer than standard amortization and interest only periods
No origination fees or ongoing management fees paid to FCI
Want to learn more?
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