Posts Currently viewing the category: "NYS CDFI News"

Governor Cuomo Proposes $25 Million in New Funding for CDFIs Governor Andrew Cuomo announced on Monday a proposal to provide $25 million in new seed funding over five years for New York’s CDFI Fund through the creation of the Excelsior Banking Network. The proposal, announced in conjunction with his 2020 State of the State…(Read More)

The original article was written by Oscar Perry Abello and can be found here at Next City One evening last September, at Brooklyn Cooperative Federal Credit Union’s main branch in Bed-Stuy, the credit union staff hosted a town hall to walk members through the credit union’s balance sheet — deposits, loans, other investments…(Read More)

On November 19th, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 284 Community Development Financial Institutions (CDFIs) $188.7 million in Financial Assistance (FA) awards today. The awards, through the fiscal year (FY) 2019 round of the Community Development Financial Institutions Program (CDFI Program) and the…(Read More)

Washington should increase funding for Community Development Financial Institutions Carolyn B. Maloney Published: November 22, 2016 – 12:01 am This weekend we celebrate Small Business Saturday, an annual event following Black Friday, when shoppers are encouraged to support their communities by shopping local, incentivized by small businesses across the country offering special promotions.Small businesses…(Read More)

NYS CDFI Coalition Lobby Day

In 2007 New York established a State CDFI Fund modeled after that of the US Treasury, the first  in the country. It has not been funded to date. The New York State CDFI Coalition is requesting a $15 million appropriation in the 2016 budget to help: revitalize downtowns in upstate NY create affordable housing support…(Read More)

The Spring Bank branch and headquarters on 167th Street in The Bronx, New York (Photo by Oscar Perry Abello) For the full article please visit NextCity It was September 15th, 2008. Melanie Stern was the point-person for the New York State Coalition of CDFIs (community development financial institutions). She and a few other coalition…(Read More)