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 already 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…(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)

Antoine Jackson had always aspired to manage his own business. A family man with many successful years in management, Jackson has supervised in a number of industries including restaurants, retail stores, supermarkets, and a call center. Though working for others proved lucrative, Jackson always wanted more. He recognized the importance and the value of being…(Read More)

In the 1970s, the Bronx was burning. Many landlords abandoned their buildings. But some residents banded together to maintain, stabilize and eventually purchase their buildings, forming Housing Development Fund Corporations (HDFC) to manage the properties. Now, 50 years later, some HDFCs are struggling to keep their buildings up to code and pay utility bills. Some…(Read More)

Jan 28, 2020, 2:19pm EST Why Albany’s Community Loan Fund sees opportunity in Cuomo’s new banking proposal Gov. Andrew Cuomo wants to bring $25 million to organizations that offer low-cost loans to low-income communities as well as minority and women-owned businesses. The program could be a boost for organizations…(Read More)

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)

NY Fed seeks input from CDFIs

March 24, 2020

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…

(Read More)

NYS Truth in Lending Act Advances

March 19, 2020

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…

(Read More)
Coronavirus

Coronavirus: CDFIs Respond

March 18, 2020

The members of the NYS CDFI Coalition are already 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…

(Read More)

Pursuit Lending wins $1M support from Spectrum

March 3, 2020

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…

(Read More)

Jani-King Franchisee Takes Business to Next Level

March 2, 2020

Antoine Jackson had always aspired to manage his own business. A family man with many successful years in management, Jackson has supervised in a number of industries including restaurants, retail stores, supermarkets, and a call center. Though working for others…

(Read More)

A New Lease on Life for 645 Barretto Street

February 14, 2020

In the 1970s, the Bronx was burning. Many landlords abandoned their buildings. But some residents banded together to maintain, stabilize and eventually purchase their buildings, forming Housing Development Fund Corporations (HDFC) to manage the properties. Now, 50 years later, some…

(Read More)
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