Catalytic Fund appoints Bernie McKay as their new board chairman, with Chuck Scheper stepping down but remaining on the board.

Catalytic Fund appoints Bernie McKay as their new board chairman, with Chuck Scheper stepping down but remaining on the board.

Catalytic Fund Announces Leadership Transition

The Catalytic Fund, a not-for-profit Community Development Financial Institution (CDFI) based in Northern Kentucky, has announced a leadership transition. Bernie McKay, a 30-year resident of Newport, will take over as Chairman of the Board, effective July 1, succeeding Chuck Scheper.

The Catalytic Fund has grown from a startup organization with zero assets to a $30M+ company. Over the years, it has provided non-traditional financing products and related property development advisory services to private sector and not-for-profit developers, property owners, and municipal and public entities.

Under Scheper's leadership, the Catalytic Fund has executed over 100 projects having a $500M+ investment impact in Northern Kentucky. The fund is capitalized through loans and grants provided by banks, foundations, private corporations, and the US Department of Treasury Community Development Financial Institution Fund.

Scheper, who has been the Board Chairman since the company's inception in 2008, has been a visionary behind some of the Catalytic Fund's most notable projects. He will remain an active member of the Board of Directors after his tenure as Chairman ends.

The Catalytic Fund's purpose is to attract and execute quality place-based investments for regional economic development and local community development. The company's expertise lies in real estate finance, urban planning, historic preservation, economic development, and real estate law.

Jeanne Schroer remains the President and CEO of the Catalytic Fund. With a background in accounting, law, and community development, McKay is an excellent choice to lead the Catalytic Fund into its next chapter. McKay is looking forward to being a part of The Catalytic Fund's continuing growth and is excited about the opportunity to convert vacant, blighted, and underutilized properties into lasting and tangible assets benefiting Northern Kentucky communities.

The Catalytic Fund is well positioned to expand its impact in Northern Kentucky by growing its Investment Fund and establishing a new Northern Kentucky Housing Fund. The fund aims to attract and execute quality place-based investments for regional economic development and local community development.

The Catalytic Fund is a CDFI dedicated to revitalizing Northern Kentucky communities through strategic real estate investments. Under McKay's leadership, the fund is set to continue its mission of transforming the region for the better.

1. The Catalytic Fund, a Northern Kentucky-based Community Development Financial Institution (CDFI), will see a leadership change with Bernie McKay taking over as Chairman of the Board from July 1, succeeding Chuck Scheper.
2. Over the years, the Catalytic Fund has provided non-traditional financing products and related property development advisory services to various sectors in Northern Kentucky, contributing to the region's economic development.
3. Under Scheper's leadership, the Catalytic Fund executed over 100 projects cumulating in a $500M+ investment impact in Northern Kentucky, with funding coming from banks, foundations, corporations, and the US Department of Treasury.
4. Jeanne Schroer remains the President and CEO of the Catalytic Fund, and with his background in accounting, law, and community development, McKay is well-equipped to lead the fund into its next phase, focusing on expanding its Investment Fund and establishing a Northern Kentucky Housing Fund.
5. The Catalytic Fund aims to continue its mission of revitalizing Northern Kentucky communities through strategic real-estate investments, with McKay looking forward to converting vacant, blighted, and underutilized properties into assets benefiting the region.

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