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Call on Senate Banks Committee to Advance S. 5470 ALBANY, NY – May 26, 2020 – As portions of New York State begin to reopen during the Coronavirus pandemic, community development organizations are supporting legislation that will help small businesses recover. The NYS Community Development Financial Institutions (CDFI) Coalition represents the institutions that make innovative…(Read More)

Community Loan Fund of the Capital Region and Local Coalition Announce First Round of COVID-19 Grant Recipients Albany – The Community Loan Fund of the Capital Region, along with our funding partners, are proud to announce the first round of grant recipients today. These small businesses applied for and were approved for the COVID…(Read More)

Support S. 5470A

Make Small Business Loans more Fair, Affordable and Transparent As regions across New York State begin to “reopen,” we’re glad that New York’s lawmakers have already introduced legislation that will help small businesses recover from the COVID-19 crisis.  The NYS Truth in Lending Act will bring common-sense transparency standards to…(Read More)

“We’ve got to get to some level of equality – we are one of the most unequal societies even though we’re among the wealthiest. We’ll work together to make that happen…(Read More)

We received this letter and wanted to share it with Coalition members and our supporters. CDFIs across New York State are poised to help our communities build back better – with the support of our own funders and investors. Good afternoon, I’m writing from California-based CDFI Pacific Community Ventures, on behalf of our leadership…(Read More)

Last week, the CDFI Coalition launched a rapid-response questionnaire to help NYS prepare for applications for disaster recovery funds from the US Small Business Administration. Thanks to all who responded. We recently updated our Coronavirus Resources page, with links to Federal, State and NYC sites. In addition, we surveyed more than 80 CDFIs in…(Read More)

Coronavirus

The members of the NYS CDFI Coalition are reporting that their communities are being hit hard by the consequences of the Coronavirus. We are working with our partners at the Federal, State and local levels to continue to deliver financial resources and stability to our neighbors. In the following weeks and months, we are planning…(Read More)

Flowers and Flores

Jose Andrade & Family From Colombia to Queens, New York! Jose owned and operated a dairy factory, while his wife Elizabeth worked in commercial banking for over ten years in Colombia. Due to political instability, the couple and their two sons were forced to leave their homeland. Jose now the owner of a family operated…(Read More)