Funding Increased for Ventana Fund

At its February 2025 meeting, the NMSBIC board of directors approved an increase in funding for Ventana Fund. The NMSBIC’s commitment to Ventana Fund increased from $29 million to $34.5 million.

Ventana Fund is a Community Development Financial Institution (CDFI) that provides capital to increase the supply of affordable housing throughout New Mexico. It fills the financing gap for the rehabilitation of five- to twenty-unit multifamily housing properties, of which there is a critical need. Ventana Fund was certified as a CDFI by the U.S. Department of Treasury in 2015, and since certification, it has dispersed 58 loans totalling more than $30 million, affecting more than 1,100 housing units.

In January 2025, Ventana Fund named Kendra Yevoli to the post of executive director. Yevoli oversees the organization’s growth and relationships with stakeholders, including donors. Read the announcement in the Albuquerque Journal.

Learn more about Ventana Fund, and find other NMSBIC-funded lenders at the Finance New Mexico project.