At a glance
From its website, read 2 Nov 2026Cincinnati Development Fund, Inc. is a loan fund based in Cincinnati, Ohio. Its website describes commercial real estate loans, affordable housing development loans and nonprofit facility loans. Where it lends: Greater Cincinnati neighborhoods.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Website | www.cincinnatidevelopmentfund.org |
|---|---|
| Office (official list) | 1818 Race Street Suite 401, Cincinnati, OH 45202 |
What their website says about applying
Set up a time to talk with one of our loan officers so we can learn about you and your plans and so we can share information about Cincinnati Development Fund and how we work.
sourceOnce you submit the Loan Inquiry Form, a loan officer will reach out to you to discuss your project. You may be asked to send accompanying materials like project plans, development budget, operating proforma (if applicable), personal financial statement, global financial statement
sourceOnce we receive a full application with supporting materials including plans, budgets, and borrower financials, the process generally takes about 6 to 8 weeks to close.
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.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Loans (general) | Term: see their wording | Construction loans are interest-only with a typical duration of 12 months. | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 9 Jun 2026 |
| RSSD ID | — (none listed) |
| Address | 1818 Race Street Suite 401, Cincinnati, OH 45202 Directions (Google Maps) |
| Website | www.cincinnatidevelopmentfund.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 7 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 terms and amounts for the product types are not stated, and the application is handled through a loan inquiry form without a clear online application. 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 | — | Cincinnati Development Fund is not a grant maker. We offer lending products to build or substantially improve real estate to improve the quality-of-life in neighborhoods. | source |
| Affordable housing development loans | — | CDF has a long history of financing affordable housing development, from new construction to rehabilitation projects and both single-family and multi-family developments. | source |
| Nonprofit / community facility loans | — | We are proud to assist nonprofit organizations with lending products that help the organization pursue capital projects or bridge capital campaigns. | source |
Loan sizes
No amounts stated on the pages we read.
Service area
Greater Cincinnati neighborhoods
We strengthen the economic vitality of Greater Cincinnati by investing in neighborhood revitalization.
source
Borrower focus
- Nonprofits
We are proud to assist nonprofit organizations with lending products that help the organization pursue capital projects or bridge capital campaigns.
source
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Pages read (7)
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. - 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$26.2 million in 19 awards from the U.S. Treasury's CDFI Fund, 2000–2023 (5 programs).
| Round year | Program | Amount |
|---|---|---|
| 2023 | Capital Magnet Fund | $3,186,225 |
| 2022 | CDFI Equitable Recovery Program | $3,718,258 |
| 2022 | CDFI Program, Financial Assistance | $640,000 |
| 2021 | CDFI Program, Financial Assistance | $525,000 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2021 | Capital Magnet Fund | $4,500,000 |
| 2020 | CDFI Program, Financial Assistance | $557,000 |
| 2019 | CDFI Program, Financial Assistance | $565,000 |
| 2019 | Capital Magnet Fund | $900,000 |
| 2018 | CDFI Program, Financial Assistance | $700,000 |
| 2017 | CDFI Program, Financial Assistance | $776,500 |
| 2016 | CDFI Program, Financial Assistance | $2,000,000 |
| 2015 | CDFI Program, Financial Assistance | $1,687,000 |
| 2012 | CDFI Program, Financial Assistance | $1,000,000 |
| 2011 | CDFI Program, Financial Assistance | $1,500,000 |
| 2010 | CDFI Program, Financial Assistance | $750,000 |
| 2009 | CDFI Program, Financial Assistance | $1,000,000 |
| 2007 | CDFI Program, Financial Assistance | $305,298 |
| 2000 | CDFI Program, Technical Assistance | $37,500 |
New Markets Tax Credit allocations
$452.4 million in 10 allocations. An NMTC allocation is the authority to offer investors federal tax credits for community investments; it is not cash paid to the lender and is not counted in the award total above.
| Round year | Program | Allocation |
|---|---|---|
| 2024 | New Markets Tax Credit allocation | $70,000,000 |
| 2019 | New Markets Tax Credit allocation | $40,000,000 |
| 2018 | New Markets Tax Credit allocation | $40,000,000 |
| 2017 | New Markets Tax Credit allocation | $50,000,000 |
| 2016 | New Markets Tax Credit allocation | $65,000,000 |
| 2014 | New Markets Tax Credit allocation | $42,350,000 |
| 2012 | New Markets Tax Credit allocation | $35,000,000 |
| 2010 | New Markets Tax Credit allocation | $28,000,000 |
| 2009 | New Markets Tax Credit allocation | $30,000,000 |
| 2005 | New Markets Tax Credit allocation | $52,000,000 |
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 Mar 2024| Total assets | $89.3M |
|---|---|
| Total liabilities | $54.7M |
| Net assets | $34.6M |
| Total revenue | $18.4M |
| Notes and loans receivable, net (Part X line 7) | $41.3M |
| Program-related investments (Part X line 13) | $5.1M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending March 2024 (tax year 2023; EIN 31-1256064, filed as “CINCINNATI DEVELOPMENT FUND INC”), 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 |
|---|---|---|---|---|
| Mar 2022 (990) | $55M | $24.8M | $6.6M | $30.5M |
| Mar 2023 (990) | $69M | $30.3M | $10.3M | $29.9M |
| Mar 2024 (990) | $89.3M | $34.6M | $18.4M | $41.3M |
Total assets grew 62% from Mar 2022 to Mar 2024; notes and loans receivable rose 35%. 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 | $89.3M | Larger than 77% of the 13 other certified loan funds and venture funds in Ohio with a matched Form 990 (median $24.6M). |
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 Ohio | 13 | larger than 77% |
“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).
SBA loans approved
SBA data as of 30 Sep 2026The SBA's public loan data lists 1 SBA-backed approval for Cincinnati Development Fund, Inc. in fiscal years 2020–2026 (October 2019 to September 2026):
- 1 504 projects as the third-party (first-lien) lender
By fiscal year: FY2020 0 · FY2021 0 · FY2022 0 · FY2023 0 · FY2024 1 · FY2025 0 · FY2026 0.
By program
- 504 projects (as the third-party lender) (1, 100%)
How this lender was matched in the SBA files: 504 third-party lender name: same name, state and city (SBA lists “Cincinnati Development Fund”).
Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. Cincinnati Development Fund, Inc. may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files. For 504 projects, the CDC amount is the SBA-backed portion and the third-party lender amount is that lender's own first-lien loan.
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.
Other certified CDFIs in Cincinnati and Ohio
- Greater Cincinnati Microenterprise Initiative, Inc.Loan fund · Cincinnati, OHMicroloansVerified
- Appalachian Growth Capital, LLCLoan fund · Logan, OHCommercial real estate loans, Equipment loans, Small-business loansVerified
- Buckeye State Credit Union, INC.Credit union · Akron, OHAuto / vehicle loans, Home mortgages, Personal / consumer loansVerified
- Canton School Employees Federal Credit UnionCredit union · Canton, OHAuto / vehicle loans, Equipment loans, Home mortgages, Personal / consumer loansVerified
- Cardinal Credit UnionCredit union · Mentor, OHAuto / vehicle loans, Commercial real estate loans, Equipment loans, Microloans…Verified
- Cleveland Development Advisors Community Reinvestment Fund, Inc.Loan fund · Cleveland, OHCommercial real estate loansVerified
Work at Cincinnati Development Fund, Inc.? Link to this page
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