Adriano Espaillat (D-NY13)

Impact in the District

Between 2005 and 2023, there was $949.7 million in total lending from CDFI Fund award recipients, including $334 million in loans to businesses and entrepreneurs, $375.3 million in housing development and mortgage lending, $163.1 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
Building in The Bronx
West Tremont Senior. proposes 97 units of affordable housing for senior citizens located in the Morris Heights section of the Bronx. 93 of the units are to be studios, with 3 one-bedroom units and 1 two-bed room unit for an on-site superintendent. Additionally, 30 of the units are to be set aside for formerly homeless.
Carver Federal Savings Bank
The largest African- and Caribbean American-operated bank in the US reinvests over 80% of its deposits back into the community
Growing Two Businesses, Mimi Wieland Tesfaye, Lalibela, Mimi’s Café
Mimi shares about managing two businesses and our partnership together.
Harlem Zen 
Harlem Entrepreneurial Fund borrower success story
Melanie’s Salon
Grameen America financing helped Melanie move from booth rental back into ownership of her own Harlem salon in 2024. The business provides hair styling services while giving her greater financial stability and flexibility to support her family.
Part of the Solution
CDFIs with Branches in the District
Abyssinian Baptist Church Federal Credit Union
BUSINESS RESOURCE AND INVESTMENT SERVICE CENTER
Carver Federal Savings Bank
Carver Federal Savings Bank
CHURCH OF THE MASTER FEDERAL CREDIT UNION
Community Development Venture Capital Alliance
Fidelis Federal Credit Union
Harlem Entrepreneurial Fund
Industrial Bank
LOWER EAST SIDE PEOPLES FEDERAL CREDIT UNION
Neighborhood Trust Federal Credit Union
Ponce Bank
Ponce Bank
UPPER MANHATTAN EMPOWERMENT ZONE DEVELOPMENT CORPORATION

Map of CDFI Branches and Stories in

New York Fact Sheet