Jake Crouse

NIIF is an innovative, non-profit investment fund that brings much needed capital to historically disinvested communities in Baltimore City to support inclusive, equitable growth. As a public-private partnership created and launched by Baltimore City, NIIF is a place-based fund with loans and investments targeting Eligible Neighborhoods defined by the City that have suffered for generations from lack of investment, segregation, and racial discrimination. These neighborhoods, which comprise roughly 65% of the city, are home to more than 90% of the City’s Black residents. The Fund is an independent 501(c)(3) organization certified by the US Treasury as a Community Development Financial Institution and capitalized by a $51.7 million loan from the Baltimore City. Since its launch in 2019, the Fund has grown rapidly, committing over $35 million to impactful projects and initiatives to date.