Posts Currently viewing the category: "NYS CDFI News"

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)

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)

As the broad and long-lasting impact of the Covid-19 pandemic came into focus across New York State, the Federal Reserve Bank of New York reached out to NYS CDFIs to find out how we were responding – and how they could help. Their questions included: Are there specific economic impacts that your members have…(Read More)

The headlines may be all about Coronavirus, but some New York State lawmakers are already introducing legislation that will help small businesses recover once the crisis is over. The Responsible Business Lending Coalition (RBLC) recently endorsed A10118 and thanked Assemblyman Ken Zebrowski (D-Rockland County) for his support of New York small businesses. This legislation…(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)

The demand for affordable housing in the city of Albany is high, especially among families who need more space than a one- or two-bedroom unit. Find out how the Albany Community Land Trust (Albany CLT) is working with partners like the NYS Housing Trust Fund Corp. and the Affordable Housing Partnership to renovate and…(Read More)

Spectrum parent starts $10M community loan fund Larry Rulison Updated: Feb. 27, 2020 4:23 p.m. ROTTERDAM — Charter Communications, the parent company of Spectrum cable TV, is creating a new community loan fund that will make $10 million in loans to local community development lenders throughout the country where it has…(Read More)