CDFI Impact in New York State Communities
New York State’s Community Development Financial Institutions (CDFIs) are uniquely positioned to utilize their expertise to leverage funds for economic development, small business expansion and job creation.
In FY 2015 74 CDFIs served every County in New York with more than $2.5 Billion in financing outstanding to 100,000+ customers, including individuals, businesses, affordable housing developers, primary care and non-profit community facilities
$2,654,629,896 loaned to 58,426 borrowers creating affordable homes, supporting the start-up and expansion of small businesses and millions invested in not for profit facilities like health care centers, day care centers and community centers across New York State.
214 New Markets Tax Credit investments totaling $2,849,671,866
(Source: Opportunity Finance Network)