Unlocking Capital for Nonprofits: Northern California Community Loan Fund

Destiny Arts Center

The San Francisco Foundation’s Program-Related Invest Fund loaned $500,000 to support Northern California Community Loan Fund (NCCLF) in making loans to non-profits borrowers in the affordable housing, community facilities, human services and economic development sectors serving low-income individuals.

The Northern California Community Loan Fund (NCCLF) provides loans to nonprofits serving low-income populations that have insufficient assets or credit history to get loans from commercial banks. Without this capital many Northern California nonprofits are unable to serve the most vulnerable members of their communities.

Destiny Arts just bought their first building in Oakland with a loan from this partnership with the Northern California Community Loan Fund. Destiny Arts is a nonprofit organization founded in 1988 that offers violence prevention and arts education through dance, theatre and martial arts. In 2009, Destiny began working with NCCLF’s Consulting Department to find a new facility that was financially feasible and could accommodate its programming needs. NCCLF provided deep technical expertise, and two loans – one to purchase and one to renovate their new facility.

Learn more about the Program Related Investment Fund and other borrowers making a transformative impact in the Bay Area.