National Community Investment Fund (NCIF) is a nonprofit private equity trust fund created in 1996 to capitalize and strengthen the mission-oriented banking sector. CDFI Banks and other mission-oriented banks provide financial products and services to businesses and individuals living in or serving low- and moderate-income communities around the country. NCIF was formed when Bank of America (then NationsBank) provided a long-term, low-cost loan of $15 million and entered into a fund advisory relationship with ShoreBank Corporation. Many other banks (MBNA America Bank, Washington Mutual, JP Morgan Chase), foundations (Ford Foundation, Annie E. Casey Foundation, Heron Foundation, W. K. Kellogg Foundation), regulators and the CDFI Fund have supported NCIF and its mission.
Over the years, NCIF has lent to or invested capital in 55 high-impact financial institutions that have generated $5.8 billion in loans in low- and moderate-income communities. NCIF is the largest investor in the CDFI Banking industry, with $228 million of assets under management, including $206 million in New Markets Tax Credit allocations.