NCCLF Joins San Francisco Small Sites Program to Stabilize Access to Affordable Housing

San Francisco (December 19, 2014) – The Northern California Community Loan Fund (NCCLF), a community development lender headquartered in San Francisco, is pleased to support the City of San Francisco’s new Small Sites Program (SSP), a loan program designed to stabilize affordable housing for low to moderate income residents throughout San Francisco that are susceptible to losing their homes due to evictions or rising rents.

“We’re excited to support such an important effort,” said Mary A. Rogier, NCCLF President. “This is a critical time to help our most vulnerable residents retain affordable housing in neighborhoods throughout the City.”

Through this program, NCCLF will work as an SSP Preferred Lender along with Enterprise Community Loan Fund, Low Income Investment Fund, Local Initiatives Support Corporation, Clearinghouse CDFI, and Boston Private Bank & Trust Company. These community lenders will support the Mayor’s Office of Housing and Community Development (MOHCD) by providing acquisition and rehabilitation financing to developers to obtain and renovate tenant-occupied, multi-family rental buildings of 5-25 units for tenants with an average building Area Median Income of 80%. MOHCD has committed $3 million to the program with additional funding expected during the program’s first year.

NCCLF and the other SSP Preferred Lenders will provide senior loan capital to borrowers, with the city providing subordinate financing.  The goal of the SSP program is to preserve long-term affordability for San Francisco residents by assisting affordable housing developers to compete successfully for buildings amid the city’s housing crisis.

NCCLF is proud to support the City of San Francisco’s efforts to ensure that residents avoid displacement and have access to permanent and stable affordable housing.

To learn more about NCCLF’s financing for affordable housing, please visit

For more information, please contact:
Ross Culverwell, Director of Lending
(415) 392-8215


Join NCCLF at Impact Hub Oakland on 7/16 @ 6:30 pm!

Hacking Economy Summer Series: Local Investment Options for Everyone

There is an increased awareness that our investments are controlled by Wall Street and investment managers that are funneling our money into the old economy, contributing to environmental and social risk. Yet, most of us, while desiring to move our money into the new economy, are not in a position to make direct investments. What options do regular investors have to invest their money in the New Economy? Among the most promising technologies for relocalizing and democratizing investments are the many new crowdfunding platforms being developed locally to allow broad participation in funding local businesses and the new economy. Investments can take many forms, from loans that pay interest, to zero-interest rate loans, to prepayment for goods. The program will feature a number of local investing platforms and alternative financial institutions providing alternative investment options aimed at supporting the new economy.

Panelists include:
Catherine Howard of Northern California Community Loan Fund, Arno Hesse of Credibles, Mark Hererra of RSF Social Finance, and Anne Lufkin of Kiva Zip.
Moderated by Kendra Shanley of Bay Bucks

Wednesday, July 16 at 6:30PM – 8:30PM
Impact Hub Oakland
2323 Broadway, Oakland CA




U.S. Treasury Awards NCCLF $33 million in New Markets Tax Credits

San Francisco (June 6, 2014) — The Northern California Community Loan Fund (NCCLF), a community development lender headquartered in San Francisco, has been  awarded $33 million in New Market Tax Credits (NMTC) from the U.S. Department of Treasury’s Community Development Financial Institution Fund. NCCLF is one of 87 organizations across the United States to receive a total of $3.5 billion in tax credits, which are used to stimulate private investment in economically distressed communities.

Over the last six years, NCCLF has disbursed $80 million in the credits, which leveraged an additional $144 million to low-income communities throughout Northern and Central California to support housing, youth development, community arts, people with disabilities, and environmental innovation.  Through the New Markets program, NCCLF has successfully financed eight projects which created 202,000 square feet of community facilities and 2,469 jobs. This year’s allocation award brings NCCLF’s total tax credit allocations to $113 million.

Established by Congress in 2000, the New Markets Tax Credits program was created to provide an opportunity for individual and corporate taxpayers to make investments that stimulate economic development and create jobs in low-income communities.

Earlier this spring, NCCLF provided NMTC financing to the East Oakland Youth Development Center (EOYDC), which offers free programming five days a week to nearly 2,000 at-risk youth annually in subjects ranging from art and education to wellness and job training.  The center acts as a safe haven for youth living in a community struggling to overcome poverty, crime, high dropout rates, growing unemployment rates, and poor health outcomes.

With few options for youth to engage in positive activities in the neighborhood, the need for a larger space became vital for the center and surrounding community.  New Markets investment from U.S. Bank and NCCLF totaling $9.75 million enabled EOYDC to renovate and expand its program and headquarters space.  NCCLF then collaborated with Partners for the Common Good to provide an additional $2.85 million in bridge financing to the project. The renovation will be completed by summer 2015, allowing EOYDC to serve an additional 1,000 youth annually.

“The NMTC program is a uniquely powerful way to make real change in low-income communities in Northern and Central California,” said Mary A. Rogier, President of NCCLF.  “The fact that we’re already seeing the huge impact of private-sector dollars flowing into disadvantaged communities speaks for itself. We’re thrilled to continue our work through this program.”

For more information about NCCLF’s NMTCs, please contact Ross Culverwell at (415) 392-9215 ext. 317 or  For media related inquiries, please contact Luba Yusim at (415) 392-8215 ext. 337 or For more information about the New Markets Tax Credit Program, please visit the CDFI Fund’s website at


Community Facilities Challenge Awards Ceremony

Join NCCLF as we announce the winner of our 3rd Communities Facilities Challenge at our Awards Ceremony!

This year, the students prepared real estate feasibility analyses for two community organizations in the El Dorado Park neighborhood, Wesley United Methodist Church and Stone Soup.  Please join us as we applaud all the hard work the students at Fresno State University put into this Challenge!

The Reception and Awards Ceremony will take place at:
Smittcamp Alumni House at California State University, Fresno
5pm – 7pm on Wednesday, April 30, 2014

Questions? Contact Alice Rocha at or (559) 452-0327.

Co-sponsored by 


Investing in Impact Networking Happy Hour on March 27th!

Join us next Thursday, March 27th for our quarterly happy hour at Impact HUB Bay Area in downtown San Francisco!

Come learn about NCCLF and what we’re doing to strengthen low-income communities throughout Northern California through social impact investing.

All are welcome so stop by! Bring a friend (or two!) and unwind after a long day. Drinks and nibbles will be provided.

Questions? Please contact Janna Mancini at

Want to RSVP via Facebook? Click here.

Investing in Impact Happy Hour
March 27th, 5:30 pm – 7:30 pm
Impact HUB Bay Area
901 Mission Street – San Francisco, CA 

NCCLF Commits to OFN’s Youth Opportunity Pledge

NCCLF is pleased to announce its commitment to the Opportunity Finance Network’s (OFN)Youth Opportunity Pledge,” a $1 billion CDFI industry commitment in new financing to benefit young people of color across the U.S.

Inspired by President Obama’s “My Brother’s Keeper” initiative, this financing will support early care through high school education, healthy foods initiatives, community health centers, entrepreneurship,  small business financing, after school programs, and affordable housing. It includes $300 million in financing to create opportunities specifically for black and Latino male youth.

For 27 years, NCCLF has worked to create opportunities for low-income communities of color throughout Northern California and the central valley.  “We are committed to continuing our work of creating positive impact in the lives of young people of color,” said Mary A. Rogier, President at NCCLF.  “We are proud to have taken this national pledge support the President’s initiative and to ensure real, accurate measurement of our work.”  Rogier said that this will support our industry in being held accountable and really understanding our collective impact.

OFN will register CDFI pledges to participate, publically track CDFI financing, and share borrower stories online at

President Obama announced the “My Brother’s Keeper” initiative last week, backed by a commitment of $200 million from ten foundations and corporate donors.  “My Brother’s Keeper” aims to increase economic opportunity for young people of color in the U.S.

“President Obama’s initiative resonates with what we’re trying to accomplish both here in Northern California and as an industry working to create lasting impact in underserved communities throughout the country” Rogier said.

For more information, please contact Sherry Simmons, Director of Resource Development at NCCLF, at or 415-392-8215 x 307.

To learn more and pledge, please go to:

Food for Change Screening in Fresno

Food for Change Join us for an exclusive screening of Food for Change, a feature-length work-in-progress documentary film focusing on food co-ops as a force for dynamic social and economic change in American culture. The film tells the story of the cooperative movement in the U.S. through interviews, rare archival footage, and commentary by the filmmaker and social historians.

Wednesday, March 12, 2014

Wine reception begins at 5:00 pm. Film begins at 5:30 pm

California State University of Fresno
University Business Center
Alice Peters Auditorium
5245 Backer Avenue – Fresno, CA

For more information and to RSVP, please contact Alice Rocha at or (559)-452-0327.

Co-sponsored by the Office of Community and Economic Development at California State University, Fresno, the Central California Regional Obesity Prevention Program, Food Commons Fresno, and the Fresno Food System Alliance.

$18 Million in CDFI Tax Credits Becoming Available Through COIN Program

The California State Department of Insurance has announced a new round of Community Development Financial Institution (CDFI) tax credits becoming available this spring from the California Organized Investment Network (COIN) program. $18 million will become available in the 2014 calendar year.  COIN, a division within the California State Department of Insurance, makes these tax credits available to investors (corporations, individuals, and other entities) which invest into NCCLF other California CDFIs.  To qualify, an investor needs to make a minimum investment of $50,000 for at least a sixty month term at zero percent interest. They will then be able to receive a 20% California tax benefit.

These tax credits will leverage $90MM of private investment for the 2014 calendar year.  NCCLF will use these invested dollars to help build affordable housing and community facilities in low-income communities throughout our 46 Northern California service areas.

For further information, please contact Sherry Simmons, Director of Resource Development at NCCLF, by phone (415-392-8215 x307) or email (