Lancaster-based Community First Fund has hired two new vice presidents, including one with extensive economic-development experience in Lancaster County.
David Nikoloff, former president at the Economic Development Co. of Lancaster County for 23 years, has joined Community First Fund as vice president of real estate lending.
Community First Fund is an economic development nonprofit specialized in serving low-income communities in 14 counties in Central and eastern Pennsylvania.
Nikoloff worked at the Economic Development Co. from 1991 to 2014 and said that by joining the fund, he will be getting back to work he has done since the early 1980s.
“Economic developments is what I have done for most of my career,” he said. “I’ve been involved with using state and federal programs for many years.”
Prior to accepting the position at the fund, Nikoloff as the vice president of development with Blackford Ventures, co-dounded AIM Advisors, and was a client relationship manager for Centric Bank.
Ellen Syrcek, vice president of marketing and business development for the fund, said Nikoloff brings to the organization expertise in real estate deals and an emphasis on affordable housing.
In September, the fund, along with three other community development financial institutions, won a $5 million donation from JPMorgan Chase to provide lending to 10 square blocks of neighborhoods dealing with extreme poverty.
Syrcek said that Community First Fund also hired Nathan McCann as vice president of community lending for the greater Philadelphia region to oversee a project in Philadelphia’s Kensington Avenue commercial corridor.
McCann has 20 years of experience in financial services and will finance loans for small-business growth in the organization’s new Philadelphia office.