T
he Catalytic Fund has been awarded a $1.25 million federal grant from the US Department of Treasury's Community Development Financial Institution (CDFI) Fund. This funding will bolster the company's Flexible Capital Pool, used in conjunction with its Investor Fund to provide non-traditional financing and development services for real estate projects in Northern Kentucky that drive economic growth and community development.

    As a certified CDFI entity, the Catalytic Fund was eligible for this grant due to its not-for-profit status, community-focused mission, and capacity to provide capital through loans or investments. The organization has grown significantly since its inception in 2013, with its capital pool expanding from $10 million to $31.8 million today.

    The Catalytic Fund has successfully financed over 100 real estate projects worth more than $450 million in Northern Kentucky, including notable developments such as Hotel Covington and Boone Lock Lofts. The organization has also invested in community facilities like the Life Learning Center and Samaritan Car Care Clinic.

    With this grant, the Catalytic Fund will enhance its Flexible Capital Pool to support high-impact projects that face development complexities in urban redevelopment. "This funding will enable us to provide more flexible investments in projects that create lasting positive change in our community," said Jeanne Schroer, CEO of the Catalytic Fund.