Northern California Community Loan Fund

United States of America

Last updated 12 May 2020, by Impactyield.

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The Northern California Community Loan Fund promotes economic justice and alleviates poverty by increasing the financial resilience and sustainability of community-based nonprofits and enterprises. Through flexible financial products and sound advice, we create opportunities to make socially responsible investments that revitalize Northern California communities.

NCCLF has both individual and institutional investors. Our total loan pool is over $50 million. We provide socially responsible investors with an opportunity to help nonprofit organizations provide affordable housing, essential community facilities, and vital human services. Qualified investors place their funds at a predetermined interest rate and term and we make loans from the loan capital pool to qualified development projects. An investor’s funds can potentially be cycled through several loans during the term of investment in the pool.

Our loans support nonprofit projects and enterprises that benefit low-income residents or communities throughout the 46 northernmost counties of California. Applicants must demonstrate strong governance, sound fiscal management and feasibility of their proposed project or borrowing need. We try to meet the needs of our borrowers and believe in a personal, flexible approach to lending and a hands-on partnership with every organization. Please visit us at

Asset class


Fund style

Not listed

Financial description

We believe in the power of capital and financial expertise to transform distressed neighborhoods and empower low-income people to build a better future for themselves. Through a socially responsible investment with NCCLF, we can revitalize our communities and create new opportunities for disadvantaged people to create a better future for themselves and their families.
Since our founding in 1987, NCCLF has not lost a single dollar of investor capital. Investors into our general lending pool choose the interest rate and term of their investment within guidelines set by NCCLF.
NCCLF lends money primarily to nonprofit organizations that benefit or provide services to low-income or under served communities. We support affordable housing projects, human service programs, and community facilities. We also offer loans to worker-owned cooperatives. Opportunities also exist to receive higher rates of return via direct participation loans into specific projects.

36 years

of track record


the year funded

150,000,000 USD


SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Safe and affordable housing

Free primary and secondary education

Full employment and decent work with equal pay

Increase aid for trade support

Develop sustainable, resilient and inclusive infrastructures

Increase access to financial services and markets

Key performance indicators

Fund overview

Asset manager: Northern California Community Loan Fund

Product track record: Fund has 36 years of track record

Target IRR: 1.5%

Committed Capital: 105,000,000 USD (US Dollar)

Target return category: Below risk-adjusted market-rate of return

Fund domicile:

Product status:


Inception year: 1987

Vintage year: 1988

Target region: , , ,

Target close date: n.a.

Product term: 1-15 years

Assets under management: 150,000,000 USD (US Dollar)

Investment size: Min: 10,000; Max: 2,000,000; Avg: 600,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 393

Fund investments to date exited or repaid: 133

Management fee: n.a.

Carried interest: n.a.

Hurdle rate: n.a.

GIIN Investors' Council Investment: No

Limited Partners / Investors: We capitalize our loan pool via a wide variety of investors including individuals, banks, foundations, religious organizations, nonprofits and government agencies.

Limited Partner / Investor Type: Development Finance Institution (DFI), Other Institutional Investors, Retail Investors


E-mail: n.a.


Phone number: 415-392-8215

If you wish to have your details removed from this database please email

Catherine Howard

Director of Strategic Initiatives

Daniel Hlad

Director of Development and Communications

Eddy Lopez Jr.

Executive Assistant

Mary A. Rogier


Mary Rogier


Ross Culverwell

Director of Lending

Impact Performance


Impact thesis

NCCLF is a strong regional lender, supplying loan capital and financial training to organizations that develop affordable housing, community facilities, job training programs, and vital human services throughout Northern California. Since inception, we have provided loans totaling over $125 million to over 350 projects and leveraged over $1.3 billion in external funds. These projects have served over 1 million clients. We have helped to develop over 1.9 million square feet of community services space, creating or retaining over 6,450 units of affordable housing and over 16,300 permanent and construction jobs. In addition to our core financing services, NCCLF has received a total allocation of $168 million in New Market Tax Credits (NMTCs) since 2008. NMTCs are meant to spur private investment in depressed communities and build durable community infrastructure. We intend to continuing applying for and deploying these credits as the US Treasury authorizes them.
NCCLF is also a technical assistance provider. Our consulting practice provides opportunities, from workshops to contract engagements, for nonprofits seeking to strengthen their financial management capacity or to make informed and advised decisions during facility projects. We manage grant programs for foundations, public agencies, and individual donors whose goals are in alignment with NCCLF’s mission.

Impact Management


Financial benchmark

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