National Community Investment Fund (NCIF) is a nonprofit private equity trust fund created in 1996 to catalyze economic development in low-income and underserved communities across the US by supporting mission-oriented financial institutions. It invests capital into community development banking institutions (CDBIs), certified community development financial institutions (CDFIs), and minority-owned and focused depository institutions (MDIs). NCIF partners with impact investors � foundations, large banks, pension funds, and faith-based and socially responsible investors � in order to increase the flow of resources into the most distressed markets around the U.S. In addition to investing, NCIF supports the mission-oriented financial industry by supplying research and metrics for banks and their investors, sharing knowledge and best practices, connecting banks to decision-makers, and encouraging collaboration between banks within the sector. NCIF offers an online database of its Social Performance Metrics to evaluate and track the mission-related impact of all US banks and to demonstrate the tremendous impact of the mission-oriented financial sector.
NCIF pursues investment activities through three lines of business: 1) core investing in Tier 1 capital of banks/credit unions that have a social mission; 2) facilitating deposits into mission-oriented banks/credit unions; and 3) helping mission-oriented banks book loans using New Markets Tax Credits (NMTC). NCIF�s total assets under management are USD 195 million, including USD 173 million in New Markets Tax Credits. Since its inception, NCIF has invested in 45 financial institutions across the U.S. that direct loans to low-income borrowers and low- to moderate-income communities. Cumulatively, NCIF�s portfolio of financial institutions has generated over USD 5.8 billion in more than 109,000 development loans.
INVESTMENT PROFILES:
National Community Investment Fund - Carver Bancorp, Inc.: https://thegiin.org/research/profile/carver-bancorp-inc/
