Forward Community Investments is a community development financial institution, providing low-cost, flexible financing to nonprofits engaged in the development of affordable housing, community services and facilities and the promotion of economic development initiatives in low- and moderate-wealth neighborhoods for community residents and special needs individuals.

Individuals and institutional investors concerned about the social dividend of their investments place funds in FCI at or below-market rates, creating a pool of loan capital dedicated to improving the lives of people disinvested from the community-at-large. FCI, in turn, re-lends this capital at low-interest rates to nonprofits to facilitate their projects. Investors give, nonprofits borrow and our communities grow.

BORROW TO BUILD A BETTER TOMORROW

When a nonprofit borrows from FCI, they become part of a cycle that allows others to borrow and communities to grow. Here?s how the process works:

? The nonprofit completes and submits an application to FCI.

? We affirm the social impact of the project, underwrite the loan request and make a credit recommendation to our Loan Committee.

? The Loan Committee reviews the request. If approved, the borrower receives a commitment letter outlining the terms of the loan. If not approved, FCI helps identify alternative funding options.

? We close the loan and disburse funds.

? The borrower monitors the social impact of the project and reports details to FCI.

? The loan is repaid.

? Funds are recycled to support other borrowers.

ELIGIBLE BORROWERS

? Nonprofits

? Joint ventures between nonprofits and for-profits

? Housing and business cooperatives

? NOTE: In certain cases, FCI will consider lending to for-profits engaged in the development of affordable housing. Call for further clarification.

ELIGIBLE PROJECTS

? Pre-development loans

? New construction, acquisition and rehabilitation of housing units and commercial real estate

? Equipment purchase

? Economic development projects

We invite you to become part of this success. For more information, please call us at 608/257-3863.