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to longstanding challenges.
At IFF, we believe in transformation. We believe that the right ideas, resources and
investments have the power to help Midwestern communities thrive.
It all springs from a foundation of strong financial performance.
In 2015, we deployed more capital to low-income communities than ever before—
working with many nonprofit partners together we closed 117 loans for a total of 95.5
million dollars and delivered a record surplus too.
We grew our total assets managed to over 460 million dollars while reducing
delinquencies and write-offs to their lowest level in years.
And we remained among the handful of national CDFIs with a top-level rating for
financial strength and community impact.
(CDFIs Pronounced “C-D-F-Is”)
Today, our 246 million-dollar loan portfolio is spread across every major sector.
Our strong portfolio reflects the strengths of our nonprofit partnerships who are
transforming the lives of low-income families every day.
It is rooted in very low income communities helping families and individuals and focused
on engaging these communities in the spirit of transformation.
But beyond lending, IFF works as a “community quarterback” helping our investors and
community partners make change possible through real estate consulting, policy and
research, and through our new community development arm.
Let’s see how we’re sparking transformation in two communities we serve: one old and
We got our start in the Windy City back in 1988. Today, IFF’s impact can be seen in city
neighborhoods, suburban streets and across the state.
In Woodlawn, we are working in partnership with the Preservation of Affordable
Housing, under the HUD Choice Neighborhoods Initiative, to transform three city blocks
along South Cottage Grove Avenue. (Pronounced “HUD” not H-U-D.)
Our new 65-unit Burnham development provides affordable housing right next to
another IFF customer—MetroSquash—which delivers youth squash lessons, academic
support and mentoring.
Across Lake Michigan, IFF is just as engaged as we are in our hometown.
Joining a group of like-minded CDFIs to inject capital, promote community development and
provide financial services throughout Detroit, we’re impacting Midtown and North End
communities with nearly 7 million dollars in loans and a plan to redevelop North Woodward
Avenue and to spur comprehensive community development.
On the city’s near east side, we’re investing in Detroit’s future – its young people – expanding
and providing new facilities for one of the city’s top-performing schools, Detroit Edison Public
School Academy, and youth programs like the Downtown Boxing Gym Youth Program.
In the Bronzeville neighborhoods of North Kenwood, Oakland, Douglas and Grand Boulevard,
we’ve broken ground on the Quad Communities Arts and Recreation Center—a 17 milliondollar
state-of-the-art rec center and part of the Chicago Housing Authority’s “Plan for
Transformation” that provides 66 affordable and market-rate housing units.
Transformation lives in Humboldt Park, too, where, with Puerto Rican Cultural Center, we are
working to redevelop the former Von Humboldt elementary school, preserving its historic
architecture while turning it into housing, a community center and café.
(Humboldt Pronounced “Hum-bolt”)
Beyond Chicago, IFF is equally engaged in making a difference.
Through the Illinois Fresh Food Fund, we create grocery stores throughout the state – not
simply financing—but stepping in to build, own and find operators that provide access to
healthy foods and end food deserts that have lasted for a generation.
Across Detroit, and surrounding counties, we’re working with area foundations to
fundamentally change the early childhood landscape, providing needs assessments, working
with nonprofits on quality improvements, and leading the development of three state-of-theart
learning centers in Detroit neighborhoods.
Throughout the Midwest, the future holds unlimited possibilities for transformational change.
In Ohio, IFF continued a successful partnership with the Cincinnati Development Fund while
expanding to the Northeast Ohio corridor, closing nearly 10 million dollars in loans, and
opening a new office in Columbus to serve the entire state.
In Minnesota, our real estate services office supports the work we do with the Nonprofit
Assistance Fund and Minnesota Comeback to encourage the growth of quality charter schools.
In Kansas City and Indianapolis, we are leveraging relationships with key foundations to take
on the challenge of improving school quality.
And nationally, we continue to partner with the nation’s other top CDFIs to ensure highlyrated,
high-impact CDFIs like ours are at the forefront of key public policy decisions.
It’s a robust agenda and worthwhile mission. Because we believe that transformation is truly a
team effort requiring community advocacy, IFF know-how and the critical, continuing
investment support of future-minded funders and investors.
IFF, Sharing a mission of change.
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