Catalytic Fund appoints Bernie McKay as the new board chairman, with Chuck Scheper retaining a position on the board
Jeanne Schroer, President and CEO of The Catalytic Fund, leads a not-for-profit Community Development Financial Institution that offers non-traditional financing products and property development advisory services. With a staff boasting expertise in real estate finance, urban planning, historic preservation, economic development, and real estate law, The Catalytic Fund has executed over 100 projects, having a $500M+ investment impact in Northern Kentucky.
Under the visionary leadership of Chuck Scheper, who has been Board Chairman since the company's inception, The Catalytic Fund has grown from a startup organization with zero assets to a $30M+ company. Scheper will remain an active member of the Board of Directors, making way for Bernie McKay to take over as Chairman, effective July 1.
McKay, a long-time resident of Newport, Northern Kentucky, brings a wealth of experience to his new role. With a background in accounting, law, and community development through his position with the Haile Foundation, McKay expresses enthusiasm about being a part of The Catalytic Fund's growth and expanding its impact in Northern Kentucky.
The Catalytic Fund's purpose is to attract and execute quality place-based investments that lead to regional economic development and local community development. Notable projects of The Catalytic Fund include Hotel Covington, Boone Block Lofts in Covington, Kentucky, Kent Lofts in Bellevue, Kentucky, and the Burton Building in Dayton, Kentucky.
As the new Chairman, McKay will oversee The Catalytic Fund's plans to expand its impact in Northern Kentucky by growing its Investment Fund and establishing a new Northern Kentucky Housing Fund. These initiatives aim to convert vacant, blighted, and underutilized properties into lasting and tangible assets that benefit Northern Kentucky communities. The Catalytic Fund serves private sector and not-for-profit developers, property owners, and municipal and public entities in Northern Kentucky, with a focus on attracting jobs and talent, and improving the quality of life and place.
The Catalytic Fund executes high impact real estate development projects via its $32M investment fund, funded through loans and grants from banks, foundations, private corporations, and the US Department of Treasury Community Development Financial Institution Fund. The Fund is well-positioned to continue its mission of revitalizing Northern Kentucky communities through strategic real estate investments.
- The Catalytic Fund, a Community Development Financial Institution based in Northern Kentucky, is led by Jeanne Schroer and has a focus on attracting quality place-based investments in the region.
- Bernie McKay, with a background in accounting, law, and community development, will be assuming the role of Chairman of The Catalytic Fund, effective July 1.
- Under McKay's leadership, The Catalytic Fund plans to expand its Investment Fund and create a new Northern Kentucky Housing Fund, aiming to revitalize vacant, blighted, and underutilized properties in Northern Kentucky.
- The Catalytic Fund has executed over 100 projects with a $500M+ investment impact in Northern Kentucky and serves private sector and not-for-profit developers, property owners, and municipal entities in the region.
- The Fund's strategic real estate investments include notable projects like Hotel Covington, Boone Block Lofts in Covington, Kentucky, Kent Lofts in Bellevue, Kentucky, and the Burton Building in Dayton, Kentucky.
