Illinois Facilities Fund (IFF)

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Executive Director: David Desai-Ramirez
Phone: (314) 588-8840, ext. 1
Address: 911 Washington Ave., Suite 203, St. Louis, MO 63101

The Illinois Facilities Fund (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 IFF’s success has been a deep sense of purpose, a broad perspective, and a relentless focus on achieving positive results. IFF believes that social return can coincide with financial return.

Across the Midwest, IFF helps clients from every sector, including human service agencies, health centers, schools, housing developers, and grocery stores. IFF’s staff of over 70 professionals works from their Chicago headquarters, and IFF also serves the Midwest from four regional offices: Milwaukee, Wisconsin; St. Louis, Missouri; Indianapolis, Indiana; and Detroit, Michigan. IFF is a U.S. Department of the Treasury certified community development financial institution (CDFI), a member of the Federal Home Loan Bank of Chicago and the Opportunity Finance Network, and a past recipient of the $5.5 million Wells Fargo NEXT award for Opportunity Finance.

IFF is the largest nonprofit CDFI in the Midwest and one of only a few nationally to earn the CARS AAA+1 rating. Since 1988, IFF has made over $597 million in loans, leveraged $1.9 billion in community investments, and grown their total managed assets to $486 million.