At a glance
From its website, read 2 Nov 2026Catalytic Development Funding Corp. of Northern Kentucky is a loan fund based in Covington, Kentucky. Its website describes commercial real estate loans and affordable housing development loans. Where it lends: Boone, Kenton, and Campbell Counties (Northern Kentucky), with some exceptions.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Main | (859) 757-0519 source |
|---|---|
| Website | www.thecatalyticfund.org |
| Office (official list) | 209 Greenup St, Suite 430, Covington, KY 41011 |
What their website says about applying
If you have a project you need help executing or are interested in investing in the Catalytic Fund, please send us a short message using the form below and we will get back to you.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 7 Jan 2015 |
| RSSD ID | — (none listed) |
| Address | 209 Greenup St, Suite 430, Covington, KY 41011 Directions (Google Maps) |
| Website | www.thecatalyticfund.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 4 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. Loan amounts and online application process are not stated on the pages fetched. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Commercial real estate loans | — | Because no two real estate projects are alike, our transactions are individually structured and may take the form of primary loans, subordinate and mezzanine debt, bridge loans, and equity investments. | source |
| Affordable housing development loans | — | The Northern Kentucky Housing Fund is a revolving loan fund managed by the Catalytic Fund, providing flexible, below-market-rate financing for new housing construction | source |
Loan sizes
No amounts stated on the pages we read.
Service area
Boone, Kenton, and Campbell Counties (Northern Kentucky), with some exceptions
Our financial investments are limited to projects within our Investment Area of Boone, Kenton, and Campbell Counties, with some exceptions.
source
Counties this matches: Boone County, KY, Campbell County, KY, Kenton County, KY
Borrower focus
- Nonprofits
Financing is available to for-profit developers, non-profit developers, and public-private partnerships, supporting market-rate, mixed-income, and income-qualified housing alike.
source
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - What interest rate and fees should I expect on your commercial real estate loans and affordable housing development loans?
Their website does not state a rate for this. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - How long can I take to repay?
No repayment terms are stated on their website. - Can I apply online, or do I need to call or visit?
We found no online application on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$6.3 million in 7 awards from the U.S. Treasury's CDFI Fund, 2013–2024 (4 programs).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Financial Assistance | $1,250,000 |
| 2022 | CDFI Equitable Recovery Program | $1,445,824 |
| 2022 | CDFI Program, Financial Assistance | $640,000 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2019 | CDFI Program, Financial Assistance | $378,000 |
| 2015 | CDFI Program, Financial Assistance | $700,000 |
| 2013 | CDFI Program, Technical Assistance | $97,278 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Dec 2023| Total assets | $27.5M |
|---|---|
| Total liabilities | $24M |
| Net assets | $3.5M |
| Total revenue | $2.6M |
| Notes and loans receivable, net (Part X line 7) | $11.8M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending December 2023 (tax year 2023; EIN 26-3389252, filed as “CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Dec 2021 (990) | $17.1M | $1.3M | $2M | $6.4M |
| Dec 2022 (990) | $20.7M | $2.2M | $2.5M | $9.1M |
| Dec 2023 (990) | $27.5M | $3.5M | $2.6M | $11.8M |
Total assets grew 61% from Dec 2021 to Dec 2023; notes and loans receivable rose 84%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Total assets, latest IRS Form 990 | $27.5M | Larger than 44% of the 9 other certified loan funds and venture funds in Kentucky with a matched Form 990 (median $30.3M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Form 990 total assets | certified loan and venture funds with a Form 990, in Kentucky | 9 | larger than 44% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section).
Other certified CDFIs in Covington and Kentucky
- Community Ventures Corporation, Inc.Loan fund · Lexington, KYSBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
- Frontier Housing, Inc.Loan fund · Morehead, KYHome repair / improvement loans, Home mortgagesVerified
- Kentucky Highlands Investment CorporationLoan fund · London, KYAgriculture / farm loans, Equipment loans, Microloans, Small-business loansVerified
- Louisville Housing Opportunities and Micro-Enterprise Community Development Loan Fund, Inc., TheLoan fund · Louisville, KYSmall-dollar / emergency loans, Energy / solar / efficiency loans, Home repair / improvement loans, Small-business loansVerified
- Mountain Association for Community Economic Development, Inc.Loan fund · Berea, KYSmall-dollar / emergency loans, Energy / solar / efficiency loans, SBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
- Park Community Credit UnionCredit union · Louisville, KYAuto / vehicle loans, Credit-builder loans, Home mortgages, Personal / consumer loansVerified
Work at Catalytic Development Funding Corp. of Northern Kentucky? Link to this page
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