A Wholly Owned Subsidiary of the Rochester Area Foundation 

Overview

Impact Finance believes there is a significant need for affordable housing in Southeast Minnesota. As the only CDFI in Southeast Minnesota, Impact Finance looks to serve underserved individuals through our lending products and in partnership with local banks to enable these individuals to achieve home ownership.

We also recognize that the nonprofit organizations are stretched to their limits in many cases and increasing the growth of Southeast Minnesota will further strain limited resources. Our approach for nonprofit organizations will be to come alongside with technical support through training, strategic planning and internal capacity building to first enhance their ability to cope with the coming growth, then to support physical growth of the organization should that be the correct direction for their next steps toward sustainability and serving their clients.

What is a CDFI?

 

Here is another take on what a CDFI is, courtesy of Virginia Community Capital.

Here is a summary from our 2014 Annual Report.

Impact Finance Board

  • Joe Powers, Chair
  • Mary Jo Majerus, Vice Chair
  • Jose Rivas, Secretary
  • Susan Strandberg, Treasurer
  • Tom Wente
  • Greg Layton
  • Gary Smith
  • Jim Mack