New Market Funds: Rental Housing Fund II and Revolving Loan

Connecting community need with investor capital

New Market Funds Inc. (NMFI) is a B Corp certified multi-fund manager that delivers investment opportunities with financial returns and lasting community benefit in the affordable housing and community lending sectors. Boann is proud to invest in both NMFI’s Rental Housing Fund II and Revolving Loan. Fund II and the Revolving Loan support non-profit housing acquisitions to preserve long-term affordability as well investment in purpose-built, multi-family rental housing owned by non-profits.

Like Boann, NMFI takes an ecosystem approach to advancing its mission. Alongside its emphasis on housing affordability, NMFI prioritizes connecting non-profits and cooperatives with capital in ways that promote long-term financial strength, reduce major GHG sources, and provide employment opportunities. NMFI also maintains a strong deal network through ongoing partnerships with non-profit developers, non-profit and cooperative housing operators, government agencies, community and private foundations, community loan funds, and commercial real estate brokers –– all critical players in a housing ecosystem that can deliver affordability now and into the future.

Boann CEO Derek Ballantyne also serves as Managing Partner of New Market Funds. Pursuant to the Boann Conflict of Interest policy, and that of New Market Funds, he was excluded from all information and decision making on this investment. Read Boann's full Code of Business Conduct here.

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