Mission and History

Mission Statement

IFF strengthens nonprofits and the communities they serve by providing leadership, capital, and real estate solutions.

  • Leadership reflects our research, policy, sector work, and convening role
  • Capital includes a range of financial products: loans, New Markets Tax Credits, equity, and Pay for Success
  • Real Estate Solutions includes a range of consultant services, development, and ownership

About Us

IFF is a mission-driven lender, real estate consultant, and developer that helps communities thrive by creating opportunities for low-income communities and people with disabilities. Key to our success has been a deep sense of purpose, a broad perspective, and a relentless focus on achieving positive results. Social return can coincide with financial return.

Across the Midwest, we help clients from every sector, including human service agencies, health centers, schools, housing developers, and grocery stores. Our staff of nearly 100 professionals works from our Chicago headquarters, and we also serve the Midwest from six regional offices: Indianapolis, IN; Detroit, MI; Minneapolis, MN; St. Louis, MO; Columbus, OH; and Milwaukee, WI.

IFF is a Community Development Financial Institution (CDFI) certified by the U.S. Department of the Treasury. We are the largest nonprofit CDFI in the Midwest and one of only a few nationally to earn the AERIS five-star, triple-A, policy-plus rating. Since 1988, we have made more than $700 million in loans, leveraged $2.3 billion in community investments, and grown our total managed assets to $606 million.

IFF is also a member of the Federal Home Loan Bank of Chicago and the Opportunity Finance Network, as well as a past recipient of the $5.5 million Wells Fargo NEXT award for Opportunity Finance.

Click here to view and/or download a PDF overview of IFF’s range of services.

History

An immense need to help nonprofit corporations own and improve their homes led to IFF’s founding in 1988. While working at the Chicago Community Trust as assistant director, Trinita Logue launched IFF as a $1.7 million loan fund to fill a gap: long-term financing for nonprofits’ capital projects. Our services expanded to include real estate consulting and development, research and public policy, and community development.

Although we have changed in some ways, our values have not. We fight for the most affordable solutions, understanding every saved dollar goes to the mission. We strive for long-term value and relationships, knowing that strong nonprofits make for strong communities.

Our work with and for nonprofits continues to evolve as we focus on some of the nation’s most urgent challenges: health care, education, and affordable and supportive housing. We also are addressing the need for access to fresh and healthy food, community-integrated housing for people with disabilities, accessible early childhood education and care, and sustainable communities.

Our vision: By 2018, we plan to provide comprehensive solutions with transformational outcomes in low-income and special needs communities throughout the Midwest.

Click below to read a summary of IFF’s first 10 years:

 


IFF is an equal opportunity provider and does not discriminate on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to Department of the Treasury, Office of Civil Rights and Diversity, 1500 Pennsylvania Avenue NW, Washington, D.C. 20220 or call 202 622 1160.