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 Native American CDFI Assistance Program (NACA Program), will enable CDFIs to increase lending and investment activity in low-income and economically distressed communities across the nation.
“I am proud to announce the FY 2019 CDFI Program and NACA Program awards,” said CDFI Fund Director Jodie Harris. “I am especially pleased that almost half of the awarded organizations have chosen to provide services in areas of persistent poverty, which will lead to significant impact for residents in some of the most distressed communities nationwide.”
Congratulations to all the recipients, especially our nine members and the other seventeen CDFIS in New York State who received $18.7 million, of the total dollars awarded in the FY 2019 funding round.
The success of our members in this funding round demonstrates our network’s proven ability to deploy capital in rural and urban communities across the state.
To learn more about the awards, see the links below:
NYSCDFI Coalition Member Awardees
- BOC Capital
- Business Center for New Americans
- Habitat for Humanity NYC
- Leviticus Fund
- Federation of Credit Unions (Inclusiv)
- Renaissance Economic Development Corporation
- Spring Bank
- Sustainable Neighborhoods
- TruFund Financial Services