Loan Fund

Community Development Lending.

Our Services

NCALL is a Community Development Financial Institution that was certified by the Department of Treasury in 2004. The Loan Fund finances projects for the development of affordable housing, community facilities, and neighborhood revitalization.

Loan Products:

  • Predevelopment
  • Acquisition
  • Construction
  • Bridge/gap financing
  • Credit enhancements and guarantees

Please contact us if you are interested in investing in the NCALL Loan Fund.


Loan Fund

Our Customers

The Loan Fund lends primarily to nonprofit organizations which have community development and/or affordable housing as part of their mission.

The target area for the NCALL Loan Fund is the Delmarva Peninsula. This encompasses the state of Delaware and the eastern shore counties of Maryland and Virginia. The Loan Fund is primarily focused on lending in rural areas; However, we also strategically lend in some of the urban areas of our target market such as New Castle County, Delaware and Salisbury, Maryland.

What is a CDFI?

CDFIs work in specific target markets that are underserved by traditional financial institutions. By providing a unique range of financial products and services, that are community development related, CDFIs invest in economically distressed target areas.

NCALL's Loan Fund voluntarily participates in the Aeris Ratings Report which utilizes the CDFI Assessment and Ratings System (CARS). NCALL is pleased to announce a rating of ⋆ ⋆ ⋆ + AA after a rigorous review of community impact, financial strength, and public policy leadership

View the Loan Fund's most recent Aeris certificate, which contains a definition of each ratings category.

Aeris offers data, analysis, and advisory services that support investment in community development financial institutions. It provides the only comprehensive, third-party assessment of CDFI loan funds, helping such funds move toward a more standardized and transparent presentation of their financial and community impact information.

Loan Fund Committee

The Loan Fund Committee is a diverse group with a wealth of experience in lending, banking, finance, and community development.

The members are actively involved in professional and community organizations. The Committee is the approving body for loan requests and policy development.

  • Amy Walls, Board member and Committee Chair; Discover Bank
  • Randy Kunkle, Board President; M&T Bank, LLC
  • Dan Kuennen, Board Treasurer; Retired Community Development Professional
  • Karen Speakman, NCALL Executive Director
  • Mark Huntley, Artisans Bank
  • Carla Mannings, Partners for the Common Good

Community Impact

The NCALL Loan Fund's mission is to invest in affordable housing and community development projects. These projects improve the economic and social opportunities for low-income persons and communities.

The Fund tracks several criteria for monitoring adherence to its mission. For affordable housing projects, we track the number of affordable housing units financed, the levels of affordability, rental versus sales units and the dollars leveraged on each project financed. For community based facilities, the we track the service provided by the facility, the square footage developed, and the dollars leveraged on each project financed.

Although the "numbers" provide the necessary quantitative data, the Loan Fund stays focused on what is behind the numbers - individuals and families that are provided greater opportunities because of our work.