top of page
Untitled design.png

Catalyzing Change Through Impact Investing

Many households are either unbanked or underbanked, meaning they go outside the traditional banking system for credit and other financial services.  Many low- to moderate-income (LMI) people lack safe, affordable access to financial services and credit, which is a significant step toward individual economic advancement.  LMI’s need access to long-term credit, as well as short-term credit for daily and emergency needs that are not met by mainstream loan products due to higher risk perception, discrimination, and/or not as profitable as large loans.


For a community to thrive, especially economically, it requires community-based decision making and access to basic financial services, affordable credit, and investment capital.  Yet historically, for LMI communities and individuals, that access has often been limited.  The D&M Loan Fund will serve as a catalyst to enable traditionally underserved and underbanked people to thrive, especially economically, through access to basic financial services, affordable credit, and investment capital.  In addition, Loan Fund will further NEST's goal of stabilizing neighborhoods by encouraging homeownership, providing safe, healthy, aesthetically pleasing affordable housing, generating economic growth and opportunity in disadvantaged communities, and injecting sources of capital into neighborhoods that lack access to financing.

We offer affordable low-interest loans to homeowners, landlords, and businesses in Waterbury, Connecticut.

Considering applying for a loan?

In Memoriam

The D&M Loan Fund is dedicated and named after two former board members who were the best of friends, who provided strong board leadership and committed to ensuring that Home Matters for everyone.  We extend our deepest gratitude for all their support and contributions to the organization and the people we serve.


Pierce J. Downey

Sept. 22, 1958 - Dec. 26, 2019

Pierce graduated from Holy Cross High School, Class of 1976, and Southern Connecticut State University.  He was a Life and Health Agent at Brooks, Todd, & McNeil at the time of his passing.  He loved literature, music, and a pint with some good banter.  Above all he loved spending time in North Truro, MA with his family.

Kevin Moran pic.jfif

Kevin Moran

Oct. 19, 1954 - May 9, 2019

Kevin was a member of the first graduating class of Holy Cross High School in1974 and received his B.A from Southern Connecticut State University.  At the time of his death, he was the Senior Vice President, Regional Sales Manager of Webster Bank’s mortgage division.  Kevin was committed to serving his community and dedicated twenty years to increasing access to affordable housing through his work with Neighborhood Housing Services of Waterbury and New Haven.  Kevin was also a talented musician; he worked professionally in many bands including, Haywood Brocket Blues Band, Shortcake, and Nutz. Music was always an essential part of Kevin’s life.  We leave you with one of our favorite songs from him – Wishing You Were Here.

D&M Loan Fund Partners and Collaborators

We value collaborations and partnerships that bring mutual growth and success to families and businesses throughout Waterbury.

American Savings Foundation.png
Connecticut Community Foundation.png
Leever Logo RGB.png
UPI Loans.png
bottom of page