We attract quality place-based investments to Northern Kentucky’s River Cities that result in regional economic development (job and talent attraction) and local community development (improving quality of life and place for LMI residents). Our innovative financing products, development services, and vibrancy initiatives convert community revitalization plans into completed projects with lasting and measurable impact.
We are a mission-driven financial institution that provides non-traditional investments and real estate services to revitalize local communities and create economic development opportunities. Certified by the U.S. Department of Treasury as a Community Development Financial Institution (CDFI), we are part of national network of companies that promote economic growth in underserved areas through real estate investments, business financing, and job creation. As an unregulated and locally controlled company, we can provide unique and individually structured solutions for real estate projects that are difficult to execute.
The Catalytic Fund is a product of Northern Kentucky’s regional economic development plan, Vision 2015. The plan identified the need for investment in Northern Kentucky’s urban communities which were experiencing job and population loss, property disinvestment, and wide-spread poverty. The Catalytic Fund was incorporated in 2008 to address the complexities of urban redevelopment and provide creative, multi-tier funding solutions and technical real estate expertise.
Between 2009 and 2012, the Catalytic Fund capitalized its initial $10,000,000 Investor Fund through commitments received from ten banks, corporations, and foundations. The Catalytic Fund was certified as a CDFI in 2015 and became a CDE in 2016. Since then, the company has added five new investors and received several CDFI Financial Assistance grants. Today, the Catalytic Fund has a $14,500,000 Investor Fund and a $1,300,000 Flexible Capital Pool it uses to invest in high impact real estate development projects.
In 2019, the Catalytic Fund received the William T. Robinson III Economic Development Award from the Northern Kentucky Chamber of Commerce in recognition for the company’s impact on regional economic development and growth.
Since capitalizing our Investment Fund in 2013, the Catalytic Fund has deployed $10,700,000 in the form of loans, grants and equity investments and provided development services that executed or advanced over 50 projects. These projects represent $286,000,000 in total investment, a 26-times leverage of Catalytic Fund investment.
Our projects created 703 new residential units, delivered 639,000 square feet of tenant-ready commercial space, and preserved 39 underutilized historic buildings. We provided real estate services that resulted in the development of four major community facilities, two of which serve over 20,000 at-risk individuals annually. To learn more about some of our notable projects, please see our portfolio.
The Catalytic Fund is staffed with professionals having specialized experience in real estate finance, real estate development, urban planning, economic development, GIS and data analytics, historic preservation, creative placemaking, and public art initiatives. To learn more about our professionals or to contact them, please see our Contact page.
Jeanne Schroer has 35+ years of experience as a real estate professional and is a specialist in real estate finance and development. She has held previous positions with private sector real estate development companies such as Corporex Companies in Cincinnati and Urban Investment and Development Company in Chicago. Prior to joining the Catalytic Fund, Schroer was the Interim Director of the University of Cincinnati Real Estate Center and Field Service Professor of Real Estate.
Schroer has a Bachelor of Urban Planning from the University of Cincinnati and an MBA in Finance and Real Estate from Indiana University. Schroer holds the professional designation Counselor of Real Estate (CRE), a credential which signifies professional achievement in the real estate counseling field.
Joe Klare has significant experience in affordable housing development and real estate transactions involving Historic Tax Credits and Low-Income Housing Tax Credits. Prior to joining The Catalytic Fund, Klare worked as an analyst at the Federal Home Loan Bank of Cincinnati. He began his real estate career with AU Associates, a Lexington-based affordable housing development company.
Klare has a bachelor’s degree in Architecture at the University of Kentucky, where he also studied Historic Preservation at the graduate level. He also received an MBA and graduate certificate in Real Estate from the University of Cincinnati.
Pam Warman is responsible for the Catalytic Fund’s accounting and operational functions, including audit management, investor reporting, transaction processing, and human resources administration She has significant experience in financial management through previous positions in banking and real estate companies.
Warman received her master’s degree in Banking and Finance from Case Western Reserve and her bachelor’s degree in Business Administration from the University of Cincinnati.
Jill Morenz is responsible for the Catalytic Fund’s events, communications, and community outreach. She also executes the company’s Community Vibrancy initiatives, which include the Beyond the Curb Urban Living Tours, Public Arts Network, and related projects.
Morenz has a Bachelor of Science degree from the University of Illinois where she majored in Interior Design.
Travis Gysegem utilizes GIS mapping software and other data analysis tools to create sophisticated reports on potential development sites that identify and illustrate spacial relationships, patterns, and trends. He also conducts real estate, demographic, market, and policy research supporting grant applications and investment decisions.
Gysegem received his bachelor’s degree in Urban Planning from the University of Cincinnati’s College of Design, Architecture, Art and Planning with Summa Cum Laude Honors.