Board chairman position filled by Bernie McKay at Catalyic Fund, with Chuck Scheper remaining on the board
The Catalytic Fund Shapes Northern Kentucky's Future with New Leadership
The Catalytic Fund, a not-for-profit Community Development Financial Institution (CDFI) dedicated to revitalising Northern Kentucky communities through strategic real estate investments, is set for a change in leadership.
Current Board Chairman, Chuck Scheper, who has been instrumental in growing the Fund from a startup organisation with zero assets to a $30M+ company, will step down on July 1. Taking up the mantle will be Bernie McKay, a seasoned professional with a background in accounting, law, and community development.
Known for his motivating attitude that encourages staff to persevere in finding solutions for challenging but transformational projects, McKay is an excellent choice to lead The Catalytic Fund into its next chapter. As a 30-year resident of Newport, Kentucky, McKay is well acquainted with Northern Kentucky and the River Cities.
Under Scheper's leadership, The Catalytic Fund has executed over 100 projects, having a $500M+ investment impact in Northern Kentucky. Notable projects include Hotel Covington, Boone Block Lofts in Covington, Kentucky, Kent Lofts in Bellevue, Kentucky, and the Burton Building in Dayton, Kentucky.
The Catalytic Fund's purpose is to attract and execute quality place-based investments, providing non-traditional financing products and related property development advisory services. Its investments aim for regional economic development and local community development, serving private sector and not-for-profit developers, property owners, and municipal and public entities.
The Fund's staff expertise includes real estate finance, urban planning, historic preservation, economic development, and real estate law. Jeanne Schroer, the President and CEO of The Catalytic Fund, will continue to lead the organisation's day-to-day operations.
With McKay at the helm, The Catalytic Fund is well positioned to expand its impact in Northern Kentucky. Plans include growing its Investment Fund and establishing a new Northern Kentucky Housing Fund. The Fund's capital is provided by banks, foundations, private corporations, and the US Department of Treasury Community Development Financial Institution Fund.
As we bid farewell to Scheper's tenure and welcome McKay, we look forward to The Catalytic Fund's continued success in shaping Northern Kentucky's future. For more detailed information on Bernie McKay or the leadership of The Catalytic Fund, we recommend checking The Catalytic Fund’s official website, press releases, or credible news sources specialising in community development sector updates.
- Bernie McKay, who is well-acquainted with Northern Kentucky and the River Cities, will take over as the leader of The Catalytic Fund, a not-for-profit Community Development Financial Institution (CDFI) based in Northern Kentucky.
- Under McKay's leadership, The Catalytic Fund aims to expand its impact in Northern Kentucky by growing its Investment Fund and establishing a new Northern Kentucky Housing Fund.
- The Catalytic Fund's purpose remains to attract and execute quality investments, providing non-traditional financing products and related property development advisory services.
- The Catalytic Fund's investments aim for regional economic development and local community development, serving private sector and not-for-profit developers, property owners, and municipal and public entities.
- The Catalytic Fund's success in shaping Northern Kentucky's future can be attributed to its strategic real estate investments, which have resulted in over 100 projects worth a $500M+ investment impact in the region.
