The Catalytic Fund, a Northern Kentucky-based nonprofit community investment fund, recently received a $250,000 grant from the Truist Charitable Fund.
The Catalytic Fund’s capital pool is part of a $27 million investment fund the institution uses to make real estate investments in Northern Kentucky.
“This grant from Truist Charitable Fund expands our capacity to invest in projects in Northern Kentucky that create income-aligned housing options, preserve historic assets, covert vacant sites and buildings to productive assets, and attract jobs to our region,” Catalytic Fund President and CEO Jeanne Schroer said in a press release.
The grant comes at a time when The Catalytic Fund is planning to preserve at least five vacant historical buildings in 2024 as it faces higher interest rates and higher construction costs.
“The Catalytic Fund understands the revitalization opportunities across
Northern Kentucky and invests in projects that meet the needs of residents and entrepreneurs,” Truist’s Ohio and Northern Kentucky Market President Billy Santos said in the press release. “Our partnership is an example of how we live our purpose to inspire and build better lives and communities.”
