New York State’s Community Development Financial Institutions (NYS CDFIs) are uniquely positioned to utilize their expertise to leverage funds for economic development, small business expansion, and job creation.

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We've spent the months since our 2026 conference compiling something powerful: CDFI lending and impact data broken out by Congressional District, NYS Senate district, and NYS Assembly district. Thanks to data provided by OFN, every Coalition member will be able to see – and show – exactly what our sector delivers in each district across New York State: the small businesses financed, the affordable homes built, the jobs created, the neighborhoods revitalized.

 

Key Findings:

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• More than $15.4 billion in CDFI lending has flowed to New York borrowers, nonprofits, and businesses since 2005

• More than 460,000 individual borrowers served

• Approximately 80% of New York CDFI loans went to microenterprises and small businesses

• New York accounts for 25% of all CDFI small business loans made nationally over the period

• Nearly 70% of all national CDFI lending occurred between 2020 and 2023, with a national lending peak of $4 billion in 2021

• Roughly 30% of all congressional CDFI Fund appropriations occurred after 2020, alongside an additional $12 billion delivered through the ERP, RRP, and ECIP programs

• The number of certified CDFIs nationally grew approximately 30% between 2020 and 2023

• New York CDFIs leverage federal CDFI Fund appropriations at 2.2 times the national rate
   

Our preliminary look at the dataset is outlined in the slides below - use the arrows to scroll through the deck. Stay tuned for more information! 

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