Impact Investing
For over 15 years, the Arizona Community Foundation has been providing impact loans to qualifying nonprofits, schools, and municipalities to assist in completing essential projects that benefit communities across the state.
Our Loan Funds
We offer impact loans in four specialized areas through funds supported by corporate and government partners. These loans help organizations fill gaps where commercial lenders fall short, often serving as the catalyst to launch projects that serve the common good.
Affordable Housing Predevelopment Loan Fund
This fund was established in 2007 to jump-start the development of affordable housing projects throughout Arizona. Loans from this fund primarily address obstacles faced by nonprofit developers in relation to up-front predevelopment costs that are necessary to secure permanent financing.
Metro Phoenix Affordable Housing Collaborative Fund
This fund was established in 2021 to bolster affordable housing projects across Metro Phoenix. Through a generous grant from JPMorgan Chase and additional funding from APS, grants and loans from this fund benefit nonprofit housing developers that are producing and preserving affordable housing within Metro Phoenix.
Community Impact Loan Fund
This fund was established in 2012 to invest in innovative community projects by providing below market rate loans to eligible organizations to help with the cost of construction, renovation, and facility expansion. Loans from this fund provide charitable capital that creates both social and financial impact.
Rural Development Investment Fund
This fund was established in 2020 to assist rural communities with low-interest, short-term predevelopment financing for infrastructure projects that USDA Rural Development has committed to funding. Loans from this fund benefit water systems, schools, affordable housing, firehouses, museums, parks, and related needs in rural communities.
$2.9 million available
Metro Phoenix Affordable Housing Collaborative Fund now accepting applications for grants and loans from nonprofit housing developers for projects in Metro Phoenix.
ACF's loan programs
Collectively, these loan programs have distributed over $28.2 million in loans and capital support. Our impact loans benefit nonprofits in the following ways:
Affordable Housing Predevelopment Loan Fund Impact
$5.3 million
Loaned across Arizona.
66
Funded housing projects.
122:1
Funding leverage ratio.
3,534
Housing units for low-income individuals and families, senior citizens, Veterans, and adults with illnesses or disabilities.
Desert Botanical Garden

Find out if your organization is eligible.
Get in touch to learn more about the benefits of applying for a loan. Contact Sarah Liguori for more information.
Get in touch to learn more about the benefits of applying for a loan. Contact Sarah Liguori for more information.
- Email Sarah sliguori@azfoundation.org
- Call Sarah 602.682.2092