Nicholas LaLota (R-NY01)

Impact in the District

Between 2005 and 2023, there was $220.8 million in total lending from CDFI Fund award recipients, including $144.8 million in housing development and mortgage lending, $25 million in lending to commercial real estate and community facilities, with the balance going to other activities. For more impact data, check out the CDFI Advocacy App over at CDFI Friendly America.

Stories from the District
Creating Housing Stability for Vulnerable People
Community Housing Innovations (CHI) provides housing and human services to support social and economic independence for families and individuals transitioning from homelessness. One way the nonprofit accomplishes that is by purchasing multifamily and single-family properties and transforming them into permanent, transitional, and emergency housing. CHI provides social services and case management for many of its residents under awarded county contracts.
Gannett Meadows Housing
The complex, known as Gansett Meadow, consists of seven buildings with 12 one-bedroom, two-bedroom, and three-bedroom rental units, plus one with four bedrooms, as well as a common building with laundry facilities and a meeting room. The location was chosen for its proximity to transportation and other essential services.
The Green at Gardiner’s Point
The Green at Gardiner’s Point will be home to 50 families, offering one-, two-, and three-bedroom apartments for residents earning 30-60% of the area median income.
CDFIs with Branches in the District
CDCLI Funding Corporation
Long Island Housing Partnership Community Development Financial Institution

Map of CDFI Branches and Stories in

New York Fact Sheet