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What We Do

Community Facility Impact Fund

The 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:

 

  1. Qualified Low Income Community Investments (QLICIs)

  2. Less than $4 million in total development costs

  3. Located in qualified low-income census tracts (to find out if your project is qualified, enter your project address here)

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?  

Fill out the form below and a member of our lending team will review your information get in touch!

The Fund: Request for Information

Is your project census tract qualified?

Important Note:

  • If you are unsure, check by entering your project address here

  • If you are not qualified, you will not be eligible for loans from The Fund. Please reach to our lending team separately to learn about other funding opportunities that may be a better fit for your project at lendingservices@forwardci.org

How did you hear about The Fund?

Success! Message received. A member of our lending team will be in touch soon.

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