Cincinnati Development Fund
Cincinnati Development Fund is a 501(c)(3) nonprofit CDFI founded in 1988 that provides real estate financing — predevelopment, construction, permanent, and NMTC-supported loans — to developers and nonprofits in underserved Greater Cincinnati neighborhoods.
- Company typePrivate
- Founded1988
- HeadquartersCincinnati, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Cincinnati Development Fund does
Cincinnati Development Fund (CDF) is a 501(c)(3) nonprofit Community Development Financial Institution (CDFI) founded in 1988 by Cincinnati-area financial institutions to share risk and invest in community development lending across the Greater Cincinnati region. Headquartered at 1818 Race Street, Suite 401 in Cincinnati, Ohio, with a staff of approximately 20, CDF provides real estate financing for underserved neighborhoods through a unified lending platform that includes acquisition and predevelopment loans, construction and rehabilitation loans, permanent mortgage loans, an Affordable Housing Leverage Fund (AHLF) that aggregates public, private, corporate, and charitable capital, New Markets Tax Credit (NMTC) allocation, mixed-use neighborhood development financing, nonprofit facilities and equipment funding, and energy efficiency financing.
Cincinnati Development Fund firmographics
Firmographics- Name
- Cincinnati Development Fund
- Legal name
- Cincinnati Development Fund
- Website
- https://cindevfund.org
- Company type
- Private
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Cincinnati Development Fund is a 501(c)(3) nonprofit CDFI founded in 1988 that provides real estate financing — predevelopment, construction, permanent, and NMTC-supported loans — to developers and nonprofits in underserved Greater Cincinnati neighborhoods.
- Ownership category
- akta.pro rank
Cincinnati Development Fund industry classification
Industry- Product category
- Community Development Lending
- NAICS
- Credit Unions (52213), Other Financial Vehicles (52599), Administration of Urban Planning and Community and Rural Development (92512)
- SIC
- Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Impact Investing & Social Finance (Funds, CDFIs, Microfinance) (BPAGALAA)
- akta.pro secondary industries
- Community Development & Affordable Housing Funds (FSANAJAK), Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO), Community Development & Neighborhood Revitalization (CDBG, Place-Based Initiatives) (BPAIANAE), Community Development Credit Unions (CDCUs) (FSABAEAC)
Keywords
Where Cincinnati Development Fund is headquartered
LocationHeadquarters
- HQ city
- Cincinnati
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Cincinnati Development Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Loan Origination and Interest: CDF generates revenue through loan origination fees and interest on construction loans, permanent mortgage loans, predevelopment loans, and other lending products. As a nonprofit CDFI, revenue supports operations and community lending programs rather than profit distribution.
- Grants and Foundation Support: The organization receives grants from foundations (MassMutual Foundation, KeyBank Foundation) and government sources to support affordable housing programs and expand lending capacity through funds like the Affordable Housing Leverage Fund.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Predevelopment and Acquisition Loans |
| Other | Pay-as-you-go | Construction and Rehabilitation Loans |
| Other | Multi-year contract | Permanent Mortgage Loans |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Cincinnati Development Fund product offering
Product offeringCore offering
Cincinnati Development Fund is a 501(c)(3) nonprofit Community Development Financial Institution (CDFI) that provides real estate development financing for underserved neighborhoods in Greater Cincinnati. Its core offering is a unified lending platform spanning predevelopment/acquisition loans, construction and rehabilitation loans, permanent mortgage loans, New Markets Tax Credit allocations, and aggregated financing vehicles such as the Affordable Housing Leverage Fund (AHLF).
Product overview
Cincinnati Development Fund is a 501(c)(3) nonprofit Community Development Financial Institution (CDFI) offering a unified lending platform focused on community development financing. The core offerings include General Lending products (acquisition, predevelopment, construction, rehabilitation, and permanent mortgage loans), the Affordable Housing Leverage Fund (AHLF) for aggregating public and private funds for affordable housing, New Markets Tax Credits (NMTC) for low-income community projects, Access to Capital for contractors and nonprofits, Energy Efficiency financing, Housing Development, Mixed-Use Neighborhood Development, and Nonprofit Facilities funding. The organization fills gaps not covered by traditional lenders to strengthen underserved neighborhoods in Greater Cincinnati.
Differentiator
Problem solved
Functional benefit
Products and services
- General Lending (CDF real estate loan products)
- Affordable Housing Leverage Fund (AHLF) An aggregation of funds managed by CDF that combines public, private, corporate, and charitable sources to finance the construction, rehabilitation, and preservation of affordable housing in Greater Cincinnati. Designed to help local developers overcome early funding barriers.
- New Markets Tax Credits (NMTC) Federal New Markets Tax Credit allocation program that enables CDF to direct tax credits to projects in low-income communities, supporting business districts, manufacturing facilities, and community spaces. FY26 allocation was a record $70M; all-time $452.4M.
- Access to Capital Short-term financing products for general contractors and nonprofit developers for capital projects, facility improvements, equipment purchases, and program expansion.
- Energy Efficiency Financing Financing products supporting projects with energy efficiency features, including LEED-certified construction and green building initiatives.
- Housing Development Financing Financing for affordable housing development including new construction and rehabilitation of single-family homes and townhomes.
- Mixed-Use Neighborhood Development Financing Financing for multi-site, mixed-use, mixed-income projects in neighborhood business districts including commercial space and housing units.
- Nonprofit Facilities Funding Facilities and equipment funding for nonprofit organizations, including capital projects and bridge capital campaigns for community-serving organizations.
Quantifiable outcome
- $608M total lending deployed since inception
- +4 more outcomes
Companies that use Cincinnati Development Fund
Customer profileNamed customers9 records
Segments5 records
Ideal customer profiles3 records
Cincinnati Development Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Cincinnati Development Fund partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered moderate and major.
- Bon Secours Mercy HealthmoderateHealthcare system providing community benefit investment supporting health-related community development projects.
- Cincinnati Center City Development Corporation (3CDC)majorMajor CDC partner for downtown and urban core development projects in Cincinnati, co-investing in neighborhood revitalization.
- Uptown ConsortiummoderateConsortium of Uptown Cincinnati institutions supporting development in that corridor, particularly near Cincinnati Children's Hospital.
- The Model GroupmajorMajor nonprofit developer in Walnut Hills and other neighborhoods, CDF has financed multiple Model Group projects including Paramount Square, Peebles Apartments, and Paramount Launch.
- Kaiker Development + ConstructionmoderateCincinnati-based developer that partnered with CDF on State Avenue Lofts project in Lower Price Hill.
Scale indicators10 records
Recent moves5 records
Expansion highlights5 records
Cincinnati Development Fund competitors and assessment
Company assessmentDirect peers
- Local Initiatives Support Corporation (LISC): National nonprofit CDFI providing loans, equity, and technical assistance for affordable housing and community development — directly comparable operating model, including a Greater Cincinnati office that has partnered with CDF on multiple projects.
- Enterprise Community Loan Fund (ECLF): National nonprofit CDFI financing affordable housing and community facilities — directly comparable lending products, target borrowers (developers and nonprofits), and reliance on bank and foundation capital, with active partnership relationship with CDF.
- IFF: Midwest-based CDFI providing real estate financing and technical assistance to nonprofits and developers — closely overlapping product set (predevelopment, construction, permanent loans) and target customer base; listed as a CDF capital partner.
- Finance Fund: Ohio CDFI providing loan capital and support for community development projects — directly comparable state-level CDFI model serving overlapping nonprofit and developer clients in Ohio.
- Ohio Capital Corporation for Housing: Statewide nonprofit housing finance organization providing capital for affordable housing development in Ohio — directly comparable affordable housing lending focus with overlapping state geography.
- Reinvestment Fund: National mission-driven CDFI financing affordable housing, education, healthcare, and community development — comparable integrated lending model with similar multi-source capital stacking capability.
- NeighborWorks Capital: National CDFI serving NeighborWorks network with flexible real estate financing for affordable housing — closely comparable community development lending products and nonprofit-developer customer base.
Broad incumbents
- Federal Home Loan Bank of Cincinnati: FHLBank providing affordable housing program capital through member institutions — comparable affordable housing finance mission in the same Greater Cincinnati geography, but operating at much larger scale through member-bank distribution.
Regional players
- Cincinnati Center City Development Corporation (3CDC): Major Cincinnati-focused nonprofit CDC co-investing with CDF on downtown and urban core projects — overlapping Cincinnati geography and real estate development focus, but with a more concentrated downtown urban-renewal mandate.
- Habitat for Humanity of Greater Cincinnati: Local Habitat affiliate with board representation on CDF — overlapping affordable housing mission and Greater Cincinnati geography, though Habitat's direct construction model differs from CDF's lender role.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Cincinnati Development Fund social profiles
Digital presenceCincinnati Development Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cincinnati Development Fund leadership team
Management profileNumber of profiles
Profiles23 records
Cincinnati Development Fund funding detail
Funding detailFunding overview
Funding rounds4 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cincinnati Development Fund M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cincinnati Development Fund
What does Cincinnati Development Fund do?
Cincinnati Development Fund is a 501(c)(3) nonprofit Community Development Financial Institution (CDFI) that provides real estate development financing for underserved neighborhoods in Greater Cincinnati. Its core offering is a unified lending platform spanning predevelopment/acquisition loans, construction and rehabilitation loans, permanent mortgage loans, New Markets Tax Credit allocations, and aggregated financing vehicles such as the Affordable Housing Leverage Fund (AHLF).
Is Cincinnati Development Fund a public or private company?
Cincinnati Development Fund is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Cincinnati Development Fund founded?
Cincinnati Development Fund was founded in 1988. It employs 11 to 50 people.
Where is Cincinnati Development Fund based?
Cincinnati Development Fund is headquartered in Cincinnati, United States, in the North America region.
How does Cincinnati Development Fund make money?
Two revenue lines are on record. Loan Origination and Interest is the primary driver. The others are grants and Foundation Support.
Who are Cincinnati Development Fund's main competitors?
Direct peers on record are Local Initiatives Support Corporation (LISC), Enterprise Community Loan Fund (ECLF), IFF, Finance Fund, Ohio Capital Corporation for Housing, Reinvestment Fund and NeighborWorks Capital. Federal Home Loan Bank of Cincinnati is listed as a broad incumbent. Regional players are Cincinnati Center City Development Corporation (3CDC) and Habitat for Humanity of Greater Cincinnati.
Does Cincinnati Development Fund have an API?
No public API is recorded for Cincinnati Development Fund.
What industry is Cincinnati Development Fund in?
Cincinnati Development Fund's product category is Community Development Lending. Its primary akta.pro industry code is BPAGALAA, Impact Investing & Social Finance (Funds, CDFIs, Microfinance), with a secondary code of FSANAJAK, Community Development & Affordable Housing Funds. Its NAICS code is 52213 and its SIC code is 6159.